Is Chalmette, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chalmette was a Seller's Market.
Key Takeaway
Chalmette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chalmette, LA
How much do homes in Chalmette, LA cost?
Median Sold Price
$239,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chalmette have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Chalmette was $239,000 in March 2024, down 0.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $148.9K | $158.5K | +6.4% |
| 3 Bedrooms | $235K | $225.5K | -4.0% |
| 4 Bedrooms | $289.5K | $280K | -3.3% |
| 5+ Bedrooms | $252K | $268K | +6.4% |
Summary: Chalmette housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Meraux | $265K | $268K | +1.1% |
| Arabi | $298K | $300K | +0.7% |
| Chalmette | $241K | $239K | -0.8% |
| New Orleans | $340.5K | $329.1K | -3.3% |
Housing Supply in Chalmette, LA
How many homes are available in Chalmette, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 | 107 | +15.1% |
Summary: The Chalmette real estate market had 107 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 52 | 57 | +9.6% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Chalmette housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chalmette, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chalmette in March 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Chalmette, LA
How long does it take to sell a home in Chalmette, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 97 Days | +9.6% |
Summary: Homes in Chalmette had an average of 97 days on market in Mar 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chalmette are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Chalmette; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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