Is Lowell, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lowell is a seller's market

Buyer's
Market

Difference Since September 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

$350,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$17,457(+5.2%)

Key Takeaway

Homes in Lowell have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Lowell was $350,000 in September 2024, up 5.2% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $330K-
N/A
2 $205.7K$224K
+8.9%
3 $300K$324K
+8.0%
4 $436.7K$397.2K
-9.0%
5+ $600K$932.5K
+55.4%

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 8.9%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 55.4%.

Median Sold Price Compared To Nearby Cities

Lowell
+5.2%
Rogers
+4.8%
Bethel Heights
-22.1%

Housing Supply in Lowell, AR

How many homes are available in Lowell, AR?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5752-8.8%

Summary: The Lowell real estate market had 52 homes for sale in September 2024, a 8.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 3831
-18.4%
4 1213
+8.3%
5+ 66
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 increased by 100%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lowell, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Lowell in September 2024, down by 23.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% 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

Sep 2023Sep 2024CHANGE
51 Days80 Days+54.7%

Summary: Homes in Lowell had an average of 80 days on market in Sep 2024, up by 54.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lowell has remained consistent over time.

Summary: During September 2024, 13 homes were sold in Lowell; 0% of homes were sold within 30 days, 77% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Lowell, AR

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