New - 11 hours on Rocket
$6,827 Closing Credit¹
#73327163, Aline Roy, Listing Office: Keller Williams Realty-Merrimack
Lowell Housing Market Report December 2024•Middlesex County, Massachusetts
Housing Prices in Lowell, MA
How much do homes in Lowell, MA cost?
Housing Market Conditions
Is Lowell, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lowell is a Seller's Market
Difference Since December 2023
Since last year, Lowell has remained a Seller's Market.
Insight
Lowell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$475,240$303/SqFt
+$35,240
+8.0%
Based on all homes sold in the last 12 months
Insight
Homes in Lowell have sold for 8% more than they did a year ago.
Summary: The median home sold price in Lowell was $475,240 in December 2024, up 8% from last year, and the median price per square foot was $303.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Chelmsford | $566.5K | $644K | +13.7% |
| Dracut | $470K | $531K | +13.0% |
| Lowell | $440K | $475.2K | +8.0% |
| North Chelmsford | $470K | $495K | +5.3% |
| North Billerica | $658K | $660K | 0.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $253.5K | $277.5K | +9.5% |
| 22 Bedrooms | $340K | $348.5K | +2.5% |
| 33 Bedrooms | $451.2K | $515K | +14.1% |
| 44 Bedrooms | $510K | $539.9K | +5.9% |
| 55+ Bedrooms | $622.5K | $670K | +7.6% |
Summary: Lowell housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +9.5%. The home price for 2 bedroom homes increased by +2.5%. The home price for 3 bedroom homes increased by +14.1%. The home price for 4 bedroom homes increased by +5.9%. The home price for 5 bedroom homes increased by +7.6%.
Housing supply in Lowell, MA
How many homes are available in Lowell, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 166Last MonthDec 2024 | ||
| 2152 months agoNov 2024 | -22.8 % Change MoMNov – Dec |
Summary: The Lowell real estate market had 166 homes for sale in Dec 2024, a 22.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 61Last MonthDec 2024 | ||
| 752 months agoNov 2024 | -18.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 10 | 7 | -30.0% |
| 22 Bedrooms | 65 | 47 | -27.7% |
| 33 Bedrooms | 63 | 46 | -27.0% |
| 44 Bedrooms | 35 | 31 | -11.4% |
| 55+ Bedrooms | 42 | 35 | -16.7% |
Summary: Lowell housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -30.0%. The inventory for 2 bedroom homes decreased by -27.7%. The inventory for 3 bedroom homes decreased by -27.0%. The inventory for 4 bedroom homes decreased by -11.4%. The inventory for 5 bedroom homes decreased by -16.7%.
Asking Price vs. Sold Price
How much do homes in Lowell, MA cost?
Over Asking Price31 Homes
At Asking Price10 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in Lowell, you could pay more than the asking price. 50.8% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Lowell in December 2024, down by 18.7% month-over-month. Of the 61 sold homes, 33% were sold under asking, 16% were sold at asking, and and 51% were sold over asking.
Days on Market for Lowell, MA
How long does it take to sell a home in Lowell, MA?
Breakdown of Home Sale Times
Under 30 Days42 Homes
30 – 90 Days15 Homes
Over 90 Days3 Homes
Insight
Many homes in Lowell are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 61 homes were sold in Lowell; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 30 DaysThis YearDec 2024 | ||
| 32 Days1 year agoDec 2023 | -7.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lowell had an average listing age of 30 days in Dec 2024, down by 7.1% compared to the previous year.
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Newest Listings in Lowell, MA
What homes are available in Lowell, MA?
New - 12 hours on Rocket
$5,343 Closing Credit¹
#73327119, Sandra Bettencourt, Listing Office: Bettencourt Real Estate
New - 14 hours on Rocket
$6,411 Closing Credit¹
#73327077, Brian McMahon, Listing Office: RE/MAX Innovative Properties
New - 1 day on Rocket
$4,275 Closing Credit¹
#73326931, Georgi May, Listing Office: RE/MAX Triumph Realty
New - 1 day on Rocket
$6,530 Closing Credit¹
#73326773, Sarah McCoy, Listing Office: LAER Realty Partners
New - 2 days on Rocket
$3,086 Closing Credit¹
#73326593, Sandra Buker, Listing Office: Doherty Properties
New - 2 days on Rocket
$4,155 Closing Credit¹
#73326569, Julie Ratte, Listing Office: Berkshire Hathaway HomeServices Verani Realty
New - 2 days on Rocket
$3,384 Closing Credit¹
#73326535, Sandra Buker, Listing Office: Doherty Properties
New - 2 days on Rocket
$4,738 Closing Credit¹
#73326298, Lisa Taylor-Montminy, Listing Office: LAER Realty Partners
New - 3 days on Rocket
$6,530 Closing Credit¹
#73326098, Arthur Durkin, Listing Office: Keller Williams Realty
New - 3 days on Rocket
$6,769 Closing Credit¹
#73326026, Christian Doherty, Listing Office: Doherty Properties
New - 3 days on Rocket
$10,000 Closing Credit¹
#73326015, Patricia Nunez, Listing Office: Redfin Corp.
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.