Is Algiers, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Algiers was a Seller's Market.
Key Takeaway
Algiers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Algiers, LA
How much do homes in Algiers, LA cost?
Median Sold Price
$225,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Algiers have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in Algiers was $225,000 in April 2024, down 13.5% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $91.5K | +20.4% |
| 2 Bedrooms | $145K | $132.5K | -8.6% |
| 3 Bedrooms | $220K | $189.5K | -13.9% |
| 4 Bedrooms | $289.5K | $265K | -8.5% |
| 5+ Bedrooms | $345K | $346K | 0.3% |
Summary: Algiers housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Old Aurora | $248K | $227.5K | -8.3% |
| Naval Base | $161.2K | $145K | -10.1% |
| Algiers | $260K | $225K | -13.5% |
| Behrman | $166K | $141.2K | -14.9% |
Housing Supply in Algiers, LA
How many homes are available in Algiers, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 246 | 282 | +14.6% |
Summary: The Algiers real estate market had 282 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 28 | 33 | +17.9% |
| 3 Bedrooms | 94 | 114 | +21.3% |
| 4 Bedrooms | 82 | 91 | +11.0% |
| 5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Algiers housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 37 | +42.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Algiers, you may be able to get a good deal. 70.3% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Algiers in April 2024, up by 42.3% month-over-month. Of the 37 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Algiers, LA
How long does it take to sell a home in Algiers, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 58 Days | -7.5% |
Summary: Homes in Algiers had an average of 58 days on market in Apr 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Algiers are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Algiers; 49% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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