Is Gretna, 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, Gretna was a Seller's Market.
Key Takeaway
Gretna is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gretna, LA
How much do homes in Gretna, LA cost?
Median Sold Price
$227,900
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gretna have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Gretna was $227,900 in March 2024, down 7.7% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.7K | $80K | +8.5% |
| 2 Bedrooms | $164.7K | $165K | 0.2% |
| 3 Bedrooms | $231K | $208.5K | -9.7% |
| 4 Bedrooms | $282K | $269.9K | -4.3% |
| 5+ Bedrooms | $311.2K | $245K | -21.3% |
Summary: Gretna housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Cities
| New Orleans | $340.5K | $329.1K | -3.3% |
| Gretna | $246.8K | $227.9K | -7.7% |
| Harvey | $230.3K | $210.3K | -8.7% |
Housing Supply in Gretna, LA
How many homes are available in Gretna, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 145 | 167 | +15.2% |
Summary: The Gretna real estate market had 167 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 62 | 73 | +17.7% |
| 4 Bedrooms | 51 | 56 | +9.8% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Gretna housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 25 | +56.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gretna, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Gretna in March 2024, up by 56.3% month-over-month. Of the 25 sold homes, 60% were sold under asking, 16% were sold at asking, and 24% were sold over asking.
Days on Market for Gretna, LA
How long does it take to sell a home in Gretna, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 33 Days | -26.6% |
Summary: Homes in Gretna had an average of 33 days on market in Mar 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gretna are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Gretna; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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