Is Lowell, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lowell has remained a Seller's Market.
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 April 2023
Summary: The median home sold price in Lowell was $344,000 in April 2024, up 10.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $330K | N/A |
2 Bedrooms | $188.4K | $180K | -4.5% |
3 Bedrooms | $285.5K | $300K | +5.1% |
4 Bedrooms | $402.5K | $391K | -2.9% |
5+ Bedrooms | $595K | $742.5K | +24.8% |
Summary: Lowell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
Bethel Heights | $310K | $360K | +16.1% |
Lowell | $312.3K | $344K | +10.1% |
Rogers | $384.5K | $374.2K | -2.7% |
Housing Supply in Lowell, AR
How many homes are available in Lowell, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 37 | -15.9% |
Summary: The Lowell real estate market had 37 homes for sale in April 2024, a 15.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lowell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lowell in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 49 Days | -9.2% |
Summary: Homes in Lowell had an average of 49 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Lowell; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.