$3,859 Closing Credit*
$325,000
1,375 SqFt
3 Beds
•2 Full Baths
Listing Office: Costello Real Estate and Investments LLC
Is Lowell, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lowell has remained a Seller's Market.
Key Takeaway
Lowell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lowell, NC
How much do homes in Lowell, NC cost?
Median Sold Price
$298,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+12.5%)
Key Takeaway
Homes in Lowell have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Lowell was $298,000 in November 2024, up 12.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $81K | N/A |
| 2 Bedrooms | $214.5K | $238.5K | +11.2% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $317K | $360K | +13.6% |
| 5+ Bedrooms | $180K | $749K | +316.1% |
Summary: Lowell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 316.1%.
Median Sold Price Compared To Nearby Cities
| Lowell | $265K | $298K | +12.5% |
| Ranlo | $263.5K | $275K | +4.4% |
| South Point Township | $372.2K | $388.1K | +4.3% |
Housing Supply in Lowell, NC
How many homes are available in Lowell, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Lowell real estate market had 17 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lowell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lowell in November 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 41 Days | +295.2% |
Summary: Homes in Lowell had an average of 41 days on market in Nov 2024, up by 295.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lowell has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Lowell; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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