Lowell, MA Housing Market
The Lowell housing market is very competitive. Homes in Lowell receive 6 offers on average and sell in around 19 days. The median sale price of a home in Lowell was $525K last month, up 23.5% since last year. The median sale price per square foot in Lowell is $313, up 6.6% since last year.
Lowell Housing Market Trends
In March 2024, Lowell home prices were up 23.5% compared to last year, selling for a median price of $525K. On average, homes in Lowell sell after 19 days on the market compared to 22 days last year. There were 51 homes sold in March this year, down from 65 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lowell housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 21 days.
- Hot homescan sell for about 9% above list price and go pending in around 12 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 17 days.
- Hot homescan sell for about 8% above list price and go pending in around 11 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 20 days.
- Hot homescan sell for about 7% above list price and go pending in around 7 days.
Lowell Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Lowell from outside metros.
- New York homebuyers searched to move into Lowell more than any other metro followed by Hartford and San Francisco.
- 82% of Lowell homebuyers searched to stay within the Lowell metropolitan area.
- Portland was the most popular destination among Lowell homebuyers followed by Miami and Lebanon.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,037 | ||
2 | 1,440 | ||
3 | 381 | ||
4 | 298 | ||
5 | 198 | ||
6 | 140 | ||
7 | 128 | ||
8 | 17 | ||
9 | 12 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 1,620 | ||
3 | 1,584 | ||
4 | 983 | ||
5 | 954 | ||
6 | 888 | ||
7 | 785 | ||
8 | 663 | ||
9 | 360 | ||
10 | 346 |
Home offer insights for Lowell
Recent offers
- Offer Not Accepted|9 Weeks Ago~$300K OfferSold for $275K2 bd | 1 ba | ~750 sqftOver List Price8%Days on Market4Competing Offers5Down Payment~20%
- Offer Not Accepted|7 Weeks Ago~$400K OfferSold for $425K2 bd | 2 ba | ~1,250 sqftOver List Price0%Days on Market20Competing Offers1Down Payment<10%
- Offer Not Accepted|9 Weeks Ago~$600K OfferSold for $650K4 bd | 2 ba | ~1,750 sqftOver List Price4%Days on Market27Competing Offers13Down Payment<10%
View houses in Lowell that sold recently
Recently sold homes
- $240,000 Last Sold Price1 bed1 bath765 sq ft227 Nesmith St Unit A, Lowell, MA 01852List Price$219,900Sale to List9% over listDays on Market48 days227 Nesmith St Unit A, Lowell, MA 01852
- $360,000 Last Sold Price2 beds1.5 baths1,494 sq ft200-A Market St #108, Lowell, MA 01852List Price$359,900Sale to List0% over listDays on Market45 days200-A Market St #108, Lowell, MA 01852
- $850,000 Last Sold Price17 beds6 baths6,178 sq ft125-129 Salem, Lowell, MA 01854List Price$1,100,000Sale to List23% under listDays on Market140 days125-129 Salem, Lowell, MA 01854
- $320,000 Last Sold Price2 beds1 bath880 sq ft1281 Lawrence St Unit A6, Lowell, MA 01852List Price$289,900Sale to List10% over listDays on Market42 days1281 Lawrence St Unit A6, Lowell, MA 01852
- $700,000 Last Sold Price4 beds3 baths3,415 sq ft251 Cumberland Rd, Lowell, MA 01850List Price$649,900Sale to List8% over listDays on Market58 days251 Cumberland Rd, Lowell, MA 01850
- $350,000 Last Sold Price3 beds1 bath1,233 sq ft41 Fred St, Lowell, MA 01850List Price$329,900Sale to List6% over listDays on Market119 days41 Fred St, Lowell, MA 01850
- $230,000 Last Sold Price2 beds1 bath869 sq ft175 Willard St #10, Lowell, MA 01850List Price$210,000Sale to List10% over listDays on Market78 days175 Willard St #10, Lowell, MA 01850
- $750,000 Last Sold Price6 beds2 baths3,529 sq ft59 Whitney Ave, Lowell, MA 01850List Price$749,900Sale to List0% over listDays on Market41 days59 Whitney Ave, Lowell, MA 01850
See all recently sold homes in Lowell.
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Schools in Lowell
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Harrington Elementary School Public • K-4 | 492 Students | 7 reviews |
6/10 McCarthy Middle School Public • 5-8 | 770 Students | 5 reviews |
6/10 S Christa McAuliffe Elementary School Public • PreK-4 | 482 Students | 13 reviews |
6/10 Pawtucketville Memorial Elementary School Public • PreK-4 | 463 Students | 7 reviews |
6/10 Abraham Lincoln Elementary School Public • PreK-4 | 460 Students | 2 reviews |
Climate's impact on Lowell housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lowell.
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Wind likelihood over time
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Transportation in Lowell
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