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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lowell is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Lowell was a Seller's Market.

Key Takeaway

Lowell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Lowell, NC cost?

Median Sold Price

$255,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$25,000(+10.9%)

Key Takeaway

Homes in Lowell have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $170K$180K
+5.9%
3 $232.5K$268.3K
+15.4%
4 $265K$349K
+31.7%
5+ $307K$335K
+9.1%

Median Sold Price Compared To Nearby Cities

McAdenville
+34.2%
Mc Adenville
+26.0%
Ranlo
+20.3%
South Point Township
+12.5%
Lowell
+10.9%

How many homes are available in Lowell, NC?

Number of Homes For Sale

Aug 2022Sep 2022%
1718+5.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 45
+25.0%
3 910
+11.1%
4 32
-33.3%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
83-62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 66.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
26 Days62 Days+137.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lowell 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.

About Lowell, NC

There are 18 homes are for sale in Lowell, NC real estate market. The number of homes for sale in Lowell, NC increased by 5.9% between August 2022 and September 2022. The median list price of listings available in September 2022 was $255,000, while the average time on the real estate market was 62 days. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 5.9%, the cost of 3 bedrooms properties went up by 15.4%, 4 bedrooms properties became 31.7% more expensive, the cost of 5 bedrooms properties went up by 9.1%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 25%, volume of 3 bedrooms homes went up by 11.1%, 4 bedrooms homes inventory decreased by 33.3%, volume of 5 bedrooms homes stayed the same. While more than 0 listings in Lowell, NC in September 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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