Is Carencro, 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, Carencro was a Seller's Market.
Key Takeaway
Carencro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Carencro, LA
How much do homes in Carencro, LA cost?
Median Sold Price
$220,000
$142/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Carencro has remained the same since last year.
Summary: The median home sold price in Carencro was $220,000 in April 2024, the same as last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $91K | N/A |
| 2 Bedrooms | $98.5K | $260K | +164.0% |
| 3 Bedrooms | $210K | $215K | +2.4% |
| 4 Bedrooms | $284.9K | $287.5K | +0.9% |
| 5+ Bedrooms | $607.5K | $586.9K | -3.4% |
Summary: Carencro 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 increased by 164%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Carencro | $220K | $220K | 0.0% |
| Lafayette | $244K | $235K | -3.7% |
Housing Supply in Carencro, LA
How many homes are available in Carencro, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 74 | -1.3% |
Summary: The Carencro real estate market had 74 homes for sale in April 2024, a 1.3% decrease 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 54 | 58 | +7.4% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Carencro 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 20%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carencro, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Carencro in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Carencro, LA
How long does it take to sell a home in Carencro, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 70 Days | -8.7% |
Summary: Homes in Carencro had an average of 70 days on market in Apr 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carencro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Carencro; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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