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In August 2020, there were four homes sold, with a median sale price of $217,500 - a 20.2% increase over the $181,000 median sale price for the same period of the previous year. There were six homes sold in Lowell in August 2019.
The median sales tax in Lowell for the most recent year with available data, 2019, was $1,488, approximately 0.7% of the median home sale price for August 2020.
The following table compares Lowell to other Gaston County cities with similar median sales prices in August 2020:
| City | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mount Holly | 25 | 38 | -34.2% | $245,000 | $201,000 | 21.9% |
| Belmont | 28 | 33 | -15.2% | $235,000 | $235,000 | 0% |
| Cramerton | 9 | 17 | -47.1% | $227,500 | $197,000 | 15.5% |
| Lowell | 4 | 6 | -33.3% | $217,500 | $181,000 | 20.2% |
| Gastonia | 136 | 154 | -11.7% | $177,500 | $160,000 | 10.9% |
| High Shoals | 2 | 0 | - | $176,000 | $0 | - |
| Kings Mountain | 3 | 4 | -25% | $170,000 | $174,750 | -2.7% |
| Stanley | 9 | 23 | -60.9% | $165,000 | $180,000 | -8.3% |
| McAdenville | 1 | 0 | - | $160,000 | $0 | - |
| Bessemer City | 9 | 19 | -52.6% | $154,500 | $101,000 | 53% |
| Goshen Grove | 1 | 0 | - | $145,000 | $0 | - |
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