Is Lowell Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lowell Charter Township is a seller's market


Difference Since May 2022

Since last year, Lowell Charter Township has remained a Seller's Market.

Key Takeaway

Lowell Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lowell Charter Township, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Lowell Charter Township have sold for 2.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 -$68K
2 $353.9K$251K
3 $310K$314K
4 $364.6K$389.9K
5+ $435K$537.5K

Median Sold Price Compared To Nearby Cities

Vergennes Township
Lowell Charter Township
Boston Township

How many homes are available in Lowell Charter Township, MI?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 54
3 2322
4 2023
5+ 107

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lowell Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

How long does it take to sell a home in Lowell Charter Township, MI?

How long does it take to sell a home in Lowell Charter Township, MI?

Average Sale Time

May 2022May 2023%
7 Days15 Days+102.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lowell Charter Township are selling fast, if you're buying plan to act quickly.

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

What housing markets are near Lowell Charter Township, MI?

About Lowell Charter Township, MI

Lowell Charter Township, MI has 56 homes for sale to choose from. In May 2023 in Lowell Charter Township, MI there were 3.4% less homes for sale than in April 2023. In May 2023, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $355,000. Real estate listing prices changed between April 2023 and May 2023: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 29.1%, the cost of 3 bedrooms properties went up by 1.3%, 4 bedrooms properties became 6.9% more expensive, 5 bedrooms properties prices increased by 23.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 20%, number of 3 bedrooms homes decreased by 4.3%, volume of 4 bedrooms homes went up by 15%, 5 bedrooms homes became 30% less available. Lowell Charter Township, MI housing market in May 2023 saw over 8 listings sold above listed price, more than 2 sold at listed price and over 6 sold below.