Lowell MA Real Estate Update for 2/15/2014
Real Estate Market update for Lowell, MA provided by Chris Tryon of ERA Key Realty Services
Lowell Real Estate Summary
Average price per square foot for Lowell MA was $161, an increase of 29.8% compared to the same period last year. The median sales price for homes in Lowell MA for Nov 13 to Feb 14 was $205,000 based on 119 home sales. Compared to the same period one year ago, the median home sales price increased 25.8%, or $42,000, and the number of home sales decreased 13.1%. There are currently 165 resale and new homes in Lowell on Trulia, including 15 open houses, as well as 238 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Lowell MA was $207,629 for the week ending Feb 12, which represents an increase of 2.6%, or $5,184, compared to the prior week. Popular neighborhoods in Lowell include Highlands and Belvidere, with average listing prices of $228,479 and $268,617.