Is French Quarter, 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, French Quarter was a Seller's Market.
Housing Prices in French Quarter, LA
How much do homes in French Quarter, LA cost?
Median Sold Price
$455,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in French Quarter was $455,000 in March 2024, up 7.1% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324.5K | $315K | -2.9% |
2 Bedrooms | $524.5K | $486K | -7.3% |
3 Bedrooms | $680K | $1.3M | +98.5% |
4 Bedrooms | $556.2K | $553.9K | -0.4% |
5+ Bedrooms | $721.5K | $713.5K | -1.1% |
Summary: French Quarter housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 98.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
French Quarter | $425K | $455K | +7.1% |
Central Business District | $442.5K | $450K | +1.7% |
Treme | $412.5K | $358K | -13.2% |
Marigny | $450K | $385K | -14.4% |
Housing Supply in French Quarter, LA
How many homes are available in French Quarter, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 139 | +13.0% |
Summary: The French Quarter real estate market had 139 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 37 | 43 | +16.2% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The French Quarter housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 23.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in French Quarter in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for French Quarter, LA
How long does it take to sell a home in French Quarter, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
92 Days | 52 Days | -43.8% |
Summary: Homes in French Quarter had an average of 52 days on market in Mar 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in French Quarter; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.