Is Harahan, 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, Harahan was a Neutral Market.
Key Takeaway
Harahan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Harahan, LA
How much do homes in Harahan, LA cost?
Median Sold Price
$335,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harahan have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Harahan was $335,000 in March 2024, up 12.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $219.9K | $220K | 0.0% |
| 3 Bedrooms | $300K | $322.5K | +7.5% |
| 4 Bedrooms | $395K | $450K | +13.9% |
| 5+ Bedrooms | $442.5K | $500K | +13.0% |
Summary: Harahan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Harahan | $298.7K | $335K | +12.1% |
| Metairie | $308.1K | $310.1K | +0.6% |
Housing Supply in Harahan, LA
How many homes are available in Harahan, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 51 | +15.9% |
Summary: The Harahan real estate market had 51 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Harahan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harahan, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Harahan in March 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Harahan, LA
How long does it take to sell a home in Harahan, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 86 Days | +19.7% |
Summary: Homes in Harahan had an average of 86 days on market in Mar 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harahan are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Harahan; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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