Is Arabi, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Arabi has remained a Buyer's Market.
Housing Prices in Arabi, LA
How much do homes in Arabi, LA cost?
Median Sold Price
$302,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arabi was $302,500 in April 2024, up 4.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $167.5K | -9.5% |
3 Bedrooms | $292.7K | $278.9K | -4.7% |
4 Bedrooms | $400K | $355K | -11.3% |
5+ Bedrooms | $399K | $379.9K | -4.8% |
Summary: Arabi housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Arabi | $290.5K | $302.5K | +4.1% |
Chalmette | $235.1K | $238.7K | +1.5% |
New Orleans | $336K | $325.1K | -3.2% |
Housing Supply in Arabi, LA
How many homes are available in Arabi, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Summary: The Arabi real estate market had 54 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Arabi housing inventory by bedroom type for April 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 3.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Arabi in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 80 Days | +117.3% |
Summary: Homes in Arabi had an average of 80 days on market in Apr 2024, up by 117.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Arabi; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.