$2,969 Closing Credit*
$250,000
1,183 SqFt
3 Beds
•1 Full Bath
Listing Office: Rinehart Realty Corporation
Is Lowell, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$295,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+10.1%)
Key Takeaway
Homes in Lowell have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Lowell was $295,000 in October 2024, up 10.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $81K | N/A |
| 2 Bedrooms | $214.5K | $232K | +8.2% |
| 3 Bedrooms | $275.5K | $296K | +7.4% |
| 4 Bedrooms | $317.2K | $375K | +18.2% |
| 5+ Bedrooms | $180K | $749K | +316.1% |
Summary: Lowell housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 316.1%.
Median Sold Price Compared To Nearby Cities
| Lowell | $268K | $295K | +10.1% |
| South Point Township | $372.9K | $393.1K | +5.4% |
| Ranlo | $265K | $265K | 0.0% |
Housing Supply in Lowell, NC
How many homes are available in Lowell, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Summary: The Lowell real estate market had 22 homes for sale in October 2024, a 37.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lowell housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lowell in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 4 Days | -83.0% |
Summary: Homes in Lowell had an average of 4 days on market in Oct 2024, down by 83% compared to last year.
Breakdown of Home Sale Times
3 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 October 2024, 3 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.