Is Lowell, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, AR
How much do homes in Lowell, AR cost?
Median Sold Price
$344,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lowell have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Lowell was $344,000 in May 2024, up 9.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.9K | $330K | +175.2% |
| 2 Bedrooms | $205.7K | $166.5K | -19.1% |
| 3 Bedrooms | $293.5K | $306.3K | +4.3% |
| 4 Bedrooms | $393.5K | $388.5K | -1.3% |
| 5+ Bedrooms | $595K | $765K | +28.6% |
Summary: Lowell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 175.2%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Lowell | $315K | $344K | +9.2% |
| Rogers | $396.6K | $374.4K | -5.6% |
| Bethel Heights | $367.2K | $337.1K | -8.2% |
Housing Supply in Lowell, AR
How many homes are available in Lowell, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Summary: The Lowell real estate market had 37 homes for sale in May 2024, a 11.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lowell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowell, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Lowell in May 2024, down by 23.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for Lowell, AR
How long does it take to sell a home in Lowell, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 58 Days | +12.4% |
Summary: Homes in Lowell had an average of 58 days on market in May 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lowell has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Lowell; 23% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.