Is Meraux, 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, Meraux was a Seller's Market.
Housing Prices in Meraux, LA
How much do homes in Meraux, LA cost?
Median Sold Price
$227,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Meraux was $227,500 in May 2024, down 15.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $183.7K | +8.1% |
3 Bedrooms | $257.5K | $225K | -12.6% |
4 Bedrooms | $310K | $290K | -6.5% |
5+ Bedrooms | $347.5K | $410K | +18.0% |
Summary: Meraux 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 8.1%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 18%.
Housing Supply in Meraux, LA
How many homes are available in Meraux, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Summary: The Meraux real estate market had 33 homes for sale in May 2024, a 17.9% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Meraux 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 50%, 3 bedroom homes increased by 25%, 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
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Meraux in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Meraux, LA
How long does it take to sell a home in Meraux, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
94 Days | 78 Days | -17.3% |
Summary: Homes in Meraux had an average of 78 days on market in May 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Meraux; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.