The prices in real estate in Lowell, in the Massachusetts region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lowell has increased during the last 6 months. In November, the average price per sq.feet was $209. In the following month the price per sq.feet increased to $221. In the following two months the price per sq.feet has barely changed, going from $215 to $222 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $218.5 to $226.5 during March y April
Based upon to the price in Lowell (cities), this has gone downing the last 6 months. The average price for November is $417,334. During December the price had a slight fall till $383,293. In the following two months the average price has remained the same with regard to the previous two months from $400,313.5 to $398,288.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $399,301 to $377,207 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $381,251 they are 34 % more affordable than the average price for Lowell. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $398,059.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $206 / sq.feet, with an average $223 / sq.feet price in Lowell. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $246 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $381,251 it is 24 % cheaper than the average price in Lowell. "Office" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $374,155 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $117 / sq.feet followed by "Office" priced at $223 / sq.feet. "Condo" is the most costly type of property with a $254 / sq.feet cost followed by "Townhouse" with an average price of $239 / sq.feet.