Lowell Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Lowell is $105, which is lower than the Chicago Metro average of $135. The median price of homes currently listed in Lowell is $178,000 while the median price of homes that sold is $157,574. The median rent price in Lowell is $875, which is lower than the Chicago Metro median of $1,550.

Foreclosures will be a factor impacting home values in the next several years. In Lowell 1.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lowell is 4.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lowell homeowners underwater on their mortgage is 9.4%, which is lower than Chicago Metro at 27.1%.

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Relative ZHVI
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Lowell Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $178,000 Median listing price
  • No recent data Median sale price
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Lowell Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 9.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Winfield $256,900 Saint John $241,000 Hebron $162,600
Beecher $162,500 Crown Point $159,900 Cedar Lake $152,300
De Motte $133,100 Lake Village $131,200 Roselawn $127,000

Listings & Sales

Data through Aug 31, 2014
  • $105 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 42.7% Listings with price cut
27.9%
Sold below listing
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Lowell Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,459 Lowell
$1,645 Chicago Metro
$1,328 United States
  • 2.1 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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