Is Fairgrounds, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fairgrounds was a Neutral Market.
Housing Prices in Fairgrounds, LA
How much do homes in Fairgrounds, LA cost?
Median Sold Price
$360,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairgrounds was $360,000 in May 2024, down 3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $280K | N/A |
2 Bedrooms | $349.9K | $280K | -20.0% |
3 Bedrooms | $396K | $405K | +2.3% |
4 Bedrooms | $372K | $382.4K | +2.8% |
5+ Bedrooms | $637.5K | $345K | -45.9% |
Summary: Fairgrounds housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Neighborhoods
City Park | $462.5K | $450K | -2.7% |
Fairgrounds | $371K | $360K | -3.0% |
Seventh Ward | $270K | $237.5K | -12.0% |
Saint Roch | $270K | $200K | -25.9% |
Housing Supply in Fairgrounds, LA
How many homes are available in Fairgrounds, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The Fairgrounds real estate market had 34 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Fairgrounds housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fairgrounds in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Fairgrounds, LA
How long does it take to sell a home in Fairgrounds, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 63 Days | +40.7% |
Summary: Homes in Fairgrounds had an average of 63 days on market in May 2024, up by 40.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Fairgrounds; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.