Why Live in Acre
The Acre neighborhood in Lowell, Massachusetts, is characterized by its historical and diverse housing options, including pre-war and newly constructed condominiums, multi-family units, and single-family homes such as Foursquares and Queen Anne-inspired houses. The area is seeing a rise in new condo developments, attracting young professionals and Boston buyers due to its proximity to downtown restaurants, the commuter rail station, and major freeways. The neighborhood is outlined by the Merrimack River, providing residents with outdoor activities like walking, jogging, swimming, sailing, and fishing. Lowell National Historical Park and South Common offer additional recreational opportunities, including athletic facilities and green spaces. The Acre's diverse culinary scene features ethnic restaurants such as Sizzling Kitchen, Bani Restaurant, and El Potro Mexican Bar & Grill, along with local markets like Market Basket and New Asian Market. Mill No. Five is a popular spot for unique shopping experiences. The neighborhood hosts significant events like the Southeast Asian Water Festival and the Lowell Folk Festival, drawing thousands of visitors annually. The area is well-connected, with access to U.S. Route 3, Interstate 495, and public transportation options, including the Lowell Regional Transit Authority and commuter rail service to Boston. The University of Massachusetts, Lowell’s South Campus, is a major presence in the neighborhood, offering numerous academic programs and employing many locals.
Home Trends in Acre, MA
On average, homes in Acre, Lowell sell after 22 days on the market compared to the national average of 70 days. The median sale price for homes in Acre, Lowell over the last 12 months is $460,000, down 31% from the median home sale price over the previous 12 months.
Median Sale Price
$460,000
Median Single Family Sale Price
$460,000
Median Townhouse Sale Price
$515,000
Average Price Per Sq Ft
$209
Number of Homes for Sale
0
Last 12 months Home Sales
64
Median List Price
$469,000
Median Change From 1st List Price
-4%
Median Home Sale Price YoY Change
-31%