Is Gentilly Terrace, 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 Terrace was a Seller's Market.
Housing Prices in Gentilly Terrace, LA
How much do homes in Gentilly Terrace, LA cost?
Median Sold Price
$246,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gentilly Terrace was $246,000 in April 2024, down 8.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $260K | N/A |
2 Bedrooms | $215K | $199K | -7.4% |
3 Bedrooms | $285K | $263.7K | -7.4% |
4 Bedrooms | $269K | $257.5K | -4.3% |
5+ Bedrooms | $292.9K | $330K | +12.6% |
Summary: Gentilly Terrace 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 decreased by 7.4%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Neighborhoods
Milneburg | $250K | $268K | +7.2% |
Gentilly | $280K | $270K | -3.6% |
Gentilly Terrace | $269K | $246K | -8.6% |
Saint Roch | $289.5K | $217.9K | -24.7% |
Housing Supply in Gentilly Terrace, LA
How many homes are available in Gentilly Terrace, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 61 | +7.0% |
Summary: The Gentilly Terrace real estate market had 61 homes for sale in April 2024, a 7.0% 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 | 10 | 9 | -10.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Gentilly Terrace 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 decreased by 10%, 3 bedroom homes increased by 24%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Gentilly Terrace in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Gentilly Terrace, LA
How long does it take to sell a home in Gentilly Terrace, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 51 Days | -38.4% |
Summary: Homes in Gentilly Terrace had an average of 51 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Gentilly Terrace; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.