Real Estate Market Update for Lowell, MA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 32% from one year earlier, and down 31% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 42%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 280-thousand dollars. The number of units sold decreased 4% year-over-year, and increased 10% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Lowell, MA
Area Information for Lowell, MA
  • Population: 108,768
  • Median Age: 36.2 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 8,007/sq mi
  • Population Change Since 2000: 3.71%
  • Closest Airport: Laurence G Hanscom Field
  • Closest College: University Of Massachuetts-lowell
  • Closest Jr. College: Middlesex Community College-lowell
  • Median Household Income: $49,465
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $289,900
  • Closest Major Sports Team: Lowell Spinners (a)
  • Change Avg. Household Income Since 2000: 34.06%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lowell, MA
Median Age: 36.2 Married: 29% Number of Households: 39,513 Households with Children: 11,436
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Lowell, MA

      School Name Distance Type Grades School Rating Parent Rating
      Hellenic American Academy 0.1 mi Private PRESCHOOL-6 0 0
      St Patrick School & Education Center 0.1 mi Catholic PRESCHOOL-8 0 0
      Charlotte M Murkland Elementary School 0.2 mi Public PRESCHOOL-4 1 0
      Immaculate Conception School 0.3 mi Catholic PRESCHOOL-8 0 0
      Lowell High School 0.3 mi Public 9-12 1 0
      Cti Youthbuild Of Greater Lowell 0.3 mi Public 10- 0 0
      Lowell Community Charter Public School 0.3 mi Public PRESCHOOL-8 3 0
      Lowell Day Nursery 0.4 mi Private PRESCHOOL-K 0 0
      Kathryn P. Stoklosa Middle School 0.4 mi Public 5-8 1 0
      Lowell Middlesex Academy Charter School 0.5 mi Public 9-12 0 0
      Bartlett Community Partnership 0.6 mi Public PRESCHOOL-8 0 0
      Stem Academy At Edith Nourse Rogers School 0.6 mi Public PRESCHOOL-K 1 0
      The Career Academy 0.8 mi Public 9-12 0 0
      St Louis School 0.8 mi Catholic PRESCHOOL-8 0 0
      St Michael School 0.9 mi Catholic PRESCHOOL-8 0 0
      Greenhalge Elementary School 0.9 mi Public PRESCHOOL-4 1 0
      Abraham Lincoln Elementary School 1.0 mi Public PRESCHOOL-4 1 0
      Joseph Mcavinnue Elementary School 1.1 mi Public PRESCHOOL-4 1 0
      Ste Jeanne D'arc Elementary School 1.1 mi Catholic PRESCHOOL-8 0 0
      Moody Elementary School 1.1 mi Public K-4 1 0
      Charles W Morey Elementary School 1.1 mi Public PRESCHOOL-4 3 0
      Community Christian Acad 1.1 mi Private PRESCHOOL-8 0 0
      Cardinal O'connell Early Learning Center 1.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Henry J Robinson Middle School 1.2 mi Public 5-8 0 0
      S Christa Mcauliffe Elementary School 1.4 mi Public PRESCHOOL-4 1 0
      B.f. Butler Middle School 1.5 mi Public 5-8 1 0
      John J Shaughnessy Elementary School 1.5 mi Public PRESCHOOL-4 2 0
      Lowell Catholic High School 1.6 mi Catholic 9-12 0 0
      Washington Elementary School 1.6 mi Public PRESCHOOL-4 3 0
      Dr An Wang School 1.7 mi Public 5-8 2 0
      Pawtucketville Memorial Elementary School 1.7 mi Public PRESCHOOL-4 2 0
      James S Daley Middle School 1.7 mi Public 5-8 3 0
      James Sullivan Middle School 1.8 mi Public 5-8 1 0
      Dr. Gertrude Bailey Elementary School 1.8 mi Public PRESCHOOL-4 3 0
      Pyne Arts Magnet School 1.9 mi Public PRESCHOOL-8 3 0
      Peter W Reilly Elementary School 1.9 mi Public K-4 1 0
      Collegiate Charter School Of Lowell 2.2 mi Public K-9 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Lowell, MA
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.