Is Harahan, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Harahan has remained a Seller's Market.
Key Takeaway
Harahan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harahan, LA
How much do homes in Harahan, LA cost?
Median Sold Price
$308,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harahan have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Harahan was $308,000 in May 2024, up 2.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $207K | $239K | +15.5% |
| 3 Bedrooms | $300K | $313.5K | +4.5% |
| 4 Bedrooms | $395K | $450K | +13.9% |
| 5+ Bedrooms | $460K | $445K | -3.3% |
Summary: Harahan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Harahan | $300K | $308K | +2.7% |
| Metairie | $306.8K | $314.1K | +2.4% |
Housing Supply in Harahan, LA
How many homes are available in Harahan, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 63 | +3.3% |
Summary: The Harahan real estate market had 63 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Harahan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 55.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Harahan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Harahan in May 2024, the same as the previous month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Harahan, LA
How long does it take to sell a home in Harahan, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +5.2% |
Summary: Homes in Harahan had an average of 30 days on market in May 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harahan are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Harahan; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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