Is Bywater, 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, Bywater was a Seller's Market.
Key Takeaway
Bywater is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bywater, LA
How much do homes in Bywater, LA cost?
Median Sold Price
$435,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bywater have sold for 3% less than they did a year ago.
Summary: The median home sold price in Bywater was $435,000 in April 2024, down 3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $291.5K | -2.2% |
| 2 Bedrooms | $380K | $387K | +1.8% |
| 3 Bedrooms | $532K | $478.3K | -10.1% |
| 4 Bedrooms | $500K | $442K | -11.6% |
| 5+ Bedrooms | $640K | $355K | -44.5% |
Summary: Bywater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 44.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Bywater | $448.2K | $435K | -3.0% |
| Marigny | $435K | $407.5K | -6.3% |
| Saint Roch | $289.5K | $217.9K | -24.7% |
| Saint Claude | $295K | $220K | -25.4% |
Housing Supply in Bywater, LA
How many homes are available in Bywater, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Bywater real estate market had 45 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Bywater housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bywater, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bywater in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bywater, LA
How long does it take to sell a home in Bywater, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 53 Days | -51.4% |
Summary: Homes in Bywater had an average of 53 days on market in Apr 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bywater are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Bywater; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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