Is Arabi, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Arabi was a Seller's Market.
Housing Prices in Arabi, LA
How much do homes in Arabi, LA cost?
Median Sold Price
$290,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arabi was $290,000 in May 2024, down 1.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $182.5K | $170K | -6.8% |
3 Bedrooms | $285K | $276.9K | -2.8% |
4 Bedrooms | $399K | $350K | -12.3% |
5+ Bedrooms | $399K | $379.9K | -4.8% |
Summary: Arabi 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 decreased by 6.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Arabi | $295K | $290K | -1.7% |
New Orleans | $334.5K | $325K | -2.8% |
Chalmette | $240K | $233K | -2.9% |
Housing Supply in Arabi, LA
How many homes are available in Arabi, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 50 | +6.4% |
Summary: The Arabi real estate market had 50 homes for sale in May 2024, a 6.4% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Arabi 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 increased by 33.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Arabi in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Arabi, LA
How long does it take to sell a home in Arabi, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
128 Days | 18 Days | -86.0% |
Summary: Homes in Arabi had an average of 18 days on market in May 2024, down by 86% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Arabi; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.