Is Lowellville, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lowellville is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Lowellville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lowellville, OH

How much do homes in Lowellville, OH cost?

Median Sold Price

$133,000

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$18,000(+15.7%)

Key Takeaway

Homes in Lowellville have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Lowellville was $133,000 in February 2024, up 15.7% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $56.5K-
N/A
2 $83.8K$85K
+1.4%
3 $160K$130K
-18.8%
4 $320K$406.2K
+26.9%
5+ $287.5K$380K
+32.2%

Summary: Lowellville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 32.2%.

Median Sold Price Compared To Nearby Cities

Lowellville
+15.7%
Struthers
+14.1%
Poland Township
+7.1%

Housing Supply in Lowellville, OH

How many homes are available in Lowellville, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
550.0%

Summary: The Lowellville real estate market had 5 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Lowellville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Lowellville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lowellville in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lowellville, OH

How long does it take to sell a home in Lowellville, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
79 Days118 Days+49.4%

Summary: Homes in Lowellville had an average of 118 days on market in Feb 2024, up by 49.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Lowellville are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Lowellville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

Newest Listings in Lowellville, OH

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