Is South Lowell, MA 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, South Lowell has remained a Seller's Market.
Key Takeaway
South Lowell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Lowell, MA
How much do homes in South Lowell, MA cost?
Median Sold Price
$425,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Lowell have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in South Lowell was $425,000 in April 2024, up 14.7% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $232K | +22.1% |
| 2 Bedrooms | $320K | $336.5K | +5.2% |
| 3 Bedrooms | $415K | $460K | +10.8% |
| 4 Bedrooms | $594.9K | $464K | -22.0% |
| 5+ Bedrooms | $675K | $648.7K | -3.9% |
Summary: South Lowell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Belvidere | $495K | $571.2K | +15.4% |
| South Lowell | $370.5K | $425K | +14.7% |
Housing Supply in South Lowell, MA
How many homes are available in South Lowell, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The South Lowell real estate market had 8 homes for sale in April 2024, a 27.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South 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 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Lowell, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in South Lowell in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Lowell, MA
How long does it take to sell a home in South Lowell, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -9.4% |
Summary: Homes in South Lowell had an average of 14 days on market in Apr 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
4 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 South Lowell are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in South 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.
