In November 2020, there were nine homes sold, with a median sale price of $232,500 - a 53.5% increase over the $151,500 median sale price for the same period of the previous year. There were four homes sold in Lowell in November 2019.
The median sales tax in Lowell for the most recent year with available data, 2019, was $1,488, approximately 0.6% of the median home sale price for November 2020.
The following table compares Lowell to other Gaston County cities with similar median sale prices in November 2020:
| City | Nov. 2020 Home Sales | Nov. 2019 Home Sales | % change (Total Home Sales) | Nov. 2020 Median Sales Price | Nov. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Belmont | 24 | 23 | 4.3% | $310,000 | $230,000 | 34.8% |
| Cramerton | 15 | 11 | 36.4% | $240,000 | $268,500 | -10.6% |
| Mount Holly | 31 | 31 | 0% | $238,000 | $221,500 | 7.4% |
| Lowell | 9 | 4 | 125% | $232,500 | $151,500 | 53.5% |
| Kings Mountain | 2 | 5 | -60% | $186,000 | $115,000 | 61.7% |
| Bessemer City | 4 | 16 | -75% | $185,000 | $139,500 | 32.6% |
| Stanley | 13 | 7 | 85.7% | $180,000 | $257,500 | -30.1% |
| Gastonia | 157 | 139 | 12.9% | $179,000 | $137,000 | 30.7% |
| Brown Town | 1 | 0 | - | $169,000 | $0 | - |
| Ranlo | 8 | 4 | 100% | $167,750 | $135,500 | 23.8% |
| Dallas | 14 | 15 | -6.7% | $167,250 | $184,000 | -9.1% |
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