$40,000
Land
Listing Office: Housewell.Com Realty of North Carolina LLC
Is Lowell, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Lowell was a Seller's Market.
Key Takeaway
Lowell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lowell, NC
How much do homes in Lowell, NC cost?
Median Sold Price
$285,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$25,750(+9.9%)
Key Takeaway
Homes in Lowell have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Lowell was $285,000 in September 2024, up 9.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $81K | N/A |
| 2 Bedrooms | $204K | $232K | +13.7% |
| 3 Bedrooms | $265K | $295K | +11.3% |
| 4 Bedrooms | $317.2K | $375K | +18.2% |
| 5+ Bedrooms | $172.5K | $749K | +334.2% |
Summary: Lowell housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 334.2%.
Median Sold Price Compared To Nearby Cities
| Lowell | $259.2K | $285K | +9.9% |
| South Point Township | $370.1K | $388.7K | +5.0% |
| Ranlo | $267.5K | $263.5K | -1.5% |
Housing Supply in Lowell, NC
How many homes are available in Lowell, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Lowell real estate market had 18 homes for sale in September 2024, a 5.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lowell housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Lowell in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lowell, NC
How long does it take to sell a home in Lowell, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 9 Days | 3 Days | -68.2% |
Summary: Homes in Lowell had an average of 3 days on market in Sep 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lowell are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Lowell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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