Is Arabi, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arabi is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Arabi was a Seller's Market.

Key Takeaway

Arabi is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Arabi, LA cost?

Median Sold Price

$319,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$26,250(+9.0%)

Key Takeaway

Homes in Arabi have sold for 9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $186K$196.5K
+5.6%
3 $290K$315K
+8.6%
4 $337.5K$382K
+13.2%
5+ $290K$364.5K
+25.7%

Median Sold Price Compared To Nearby Cities

Arabi
+9.0%
Chalmette
+8.6%
New Orleans
+5.1%

How many homes are available in Arabi, LA?

Number of Homes For Sale

Aug 2022Sep 2022%
5156+9.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 75
-28.6%
3 2828
0.0%
4 1419
+35.7%
5+ 24
+100.0%

Number of Homes Sold

Aug 2022Sep 2022%
49+125.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arabi, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
36 Days39 Days+9.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Arabi has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Arabi, LA

Number of homes for sale in Arabi, LA real estate market have reached 56. The number of homes for sale in Arabi, LA increased by 9.8% between August 2022 and September 2022. In September 2022, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $319,000. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 5.6%, 3 bedrooms properties became 8.6% more expensive, 4 bedrooms properties prices increased by 13.2%, prices of 5 bedrooms properties increased by 25.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 28.6%, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes went up by 35.7%, volume of 5 bedrooms homes went up by 100%. Arabi, LA housing market in September 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 7 sold below.

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