Lowell, MA Home Prices, Sales Increase August 2011

The median price and sales of single-family homes in Lowell, Massachusetts increased in August 2011, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.

The median price of single-family homes increased 24.6 percent in August 2011 compared to the previous year, a difference of $42,750.  Single-family home sales in Lowell, MA jumped 46.9 percent in August 2011, a difference of 15 sales compared to August 2010.  

Condominium sales decreased 21.7 percent in August 2011, a difference of five sales compared to August 2010. The median price of condos in Lowell fell 12.1 percent in August 2011, a difference of $14,550 compared to August of the previous year.

Sales of multi-family homes decreased 64.3 percent in August 2011, a difference of nine sales compared to August 2010. The median price of multi-family homes fell 4.6 percent in August 2011, a difference of $8,000 compared to August of the previous year.

Lowell, Massachusetts Real Estate Market Report

                  Sales / Median Price

Single-family Homes:
August 2010 – 32 / $173,500
August 2011 – 47 / $216,250

Condominiums:
August 2010 – 23 / $120,000
August 2011 – 18 / $105,450

Multi-family Homes:
August 2010 – 14 / $172,500
August 2011 – 5 / $164,500

Search For Homes For Sale In Lowell, Massachusetts