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Our Lowell, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Lowell as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Lowell, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Lowell MA Community Profile & History
Lowell, Massachusetts is the fourth largest city in the Commonwealth of Massachusetts. Its strategic location at the intersections of Routes 495, 93 and 3 provides excellent access to all points of interest in Massachusetts as well as New Hampshire and Maine.
Originally home to Native Americans of the Penacook (or Merrimack) and Pawtucket tribes, who fished the abundant waters of the Merrimack River, the area was settled as a prayer site by the Reverend John Eliot in 1647. Following a century and a half of incremental British settlement, the community grew around the newly completed Middlesex Canal after its opening in 1803. At 27 miles and 11 locks, the canal provided a link between the Merrimack River and the Mystic River in Charlestown, creating a new trade route between Concord, New Hampshire and Boston, Massachusetts and precipitating the city's emergence as an industrial superpower. With the passage of trade embargoes by the U.S. government after the War of 1812, domestic manufacture of goods flourished; recognizing the industrial potential of the Merrimack River's rushing waters, the Boston Manufacturing Company began construction on the Merrimack and Pawtucket Canals. By 1836, a city had been organized around the new canal system, which powered several textile mills. Over the next several decades, immigrants came in droves to work in the factories, and the city's population topped 100,000 residents by the early 20th century.
The city's residents are proud of the recently established National Park, touted as America's greatest tribute to the Industrial Revolution and the booming textile industry of the 19th century. The rehabilitated mill buildings are complemented by 2 1/2 miles of trolley and canal boat tours and several museums.
The 3200-seat Lowell Auditorium hosts many of the country's best performers at affordable prices. The Merrimack Repertory theater, located in the city's downtown, is one of the few self-sustaining repertory theater groups in the Northeast.
The city's work force is computer-literate and strongly supported by the local school district. The education base also includes Middlesex Community College and the University of Massachusetts at Lowell. The student population further enhances the market for retail businesses in the downtown and surrounding neighborhoods.
This planned urban community is built around the Merrimack River and its diverse canal system, which provided extensive water power to the early manufacturers. Today these water amenities add considerably to the character of the city. Special events of the year include a folk festival which draws over 200,000 people annually, Riverfest, First Night, and the Fourth of July fireworks. With nearly four centuries of rich history and an unmatched quality of life, Lowell offers something for everyone.
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Lowell, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Lowell Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 110 445 $275564 $119000 $265000 $835000 |
2007 131 401 $255525 $67000 $248000 $640000 |
2008 135 368 $197369 $43250 $190000 $685000 |
2009 117 390 $198805 $37000 $192250 $682250 |
2010 87 363 $200534 $32000 $195000 $635000 |
Average Selling Price of Single Family Homes in Lowell
| 2006 |  $275564 | |
| 2007 | $255525 | |
| 2008 | $197369 | |
| 2009 | $198805 | |
| 2010 | $200534 |
Lowell Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 89 467 $194963 $60000 $194000 $369000 |
2007 128 478 $187207 $47000 $170000 $611532 |
2008 179 273 $157156 $10000 $155000 $399900 |
2009 126 260 $139596 $27900 $137500 $430000 |
2010 121 247 $138778 $27100 $131000 $334320 |
Average Selling Price of Condominiums in Lowell
| 2006 | $194963 | |
| 2007 | $187207 | |
| 2008 | $157156 | |
| 2009 | $139596 | |
| 2010 | $138778 |