$2,000,000
94.56 Acres
Land
Lisa Johnson, Listing Office: HORSEPOWER REAL ESTATE
Is Lowell, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lowell was a Seller's Market.
Key Takeaway
Lowell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lowell, OR
How much do homes in Lowell, OR cost?
Median Sold Price
$500,000
$265/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$60,000(+13.6%)
Key Takeaway
Homes in Lowell have sold for 13.6% more than they did a month ago.
Summary: The median home sold price in Lowell was $500,000 in November 2024, up 13.6% from last month, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $422K | $500K | +18.5% |
| 4 Bedrooms | $700K | - | N/A |
| 5+ Bedrooms | $705K | - | N/A |
Summary: Lowell housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lowell, OR
How many homes are available in Lowell, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The Lowell real estate market had 7 homes for sale in November 2024, a 36.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Lowell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was 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 1 homes were sold or pending in Lowell in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lowell, OR
How long does it take to sell a home in Lowell, OR?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 4 Days | -95.3% |
Summary: Homes in Lowell had an average of 4 days on market in Nov 2024, down by 95.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 1 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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