Is Gentilly, 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, Gentilly was a Seller's Market.
Key Takeaway
Gentilly is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gentilly, LA
How much do homes in Gentilly, LA cost?
Median Sold Price
$270,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gentilly have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Gentilly was $270,000 in April 2024, down 3.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | $190K | -20.5% |
| 2 Bedrooms | $182.5K | $167.5K | -8.2% |
| 3 Bedrooms | $295K | $273.1K | -7.4% |
| 4 Bedrooms | $307.5K | $299K | -2.8% |
| 5+ Bedrooms | $300K | $320K | +6.7% |
Summary: Gentilly housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Dillard | $249K | $275K | +10.4% |
| Milneburg | $250K | $268K | +7.2% |
| Gentilly | $280K | $270K | -3.6% |
| Saint Anthony | $275K | $260K | -5.5% |
| Filmore | $365K | $318K | -12.9% |
Housing Supply in Gentilly, LA
How many homes are available in Gentilly, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 262 | 301 | +14.9% |
Summary: The Gentilly real estate market had 301 homes for sale in April 2024, a 14.9% increase 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 | 22 | 25 | +13.6% |
| 3 Bedrooms | 130 | 154 | +18.5% |
| 4 Bedrooms | 72 | 79 | +9.7% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Gentilly 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 13.6%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gentilly, you may be able to get a good deal. 71.8% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Gentilly in April 2024, up by 11.4% month-over-month. Of the 39 sold homes, 72% were sold under asking, 15% were sold at asking, and 13% were sold over asking.
Days on Market for Gentilly, LA
How long does it take to sell a home in Gentilly, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 58 Days | +23.8% |
Summary: Homes in Gentilly had an average of 58 days on market in Apr 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gentilly are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 39 homes were sold in Gentilly; 59% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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