Is Holy Cross, 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, Holy Cross was a Seller's Market.
Key Takeaway
Holy Cross is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Holy Cross, LA
How much do homes in Holy Cross, LA cost?
Median Sold Price
$189,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Holy Cross have sold for 28.5% less than they did a year ago.
Summary: The median home sold price in Holy Cross was $189,500 in April 2024, down 28.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196K | $185K | -5.6% |
| 2 Bedrooms | $230K | $147K | -36.1% |
| 3 Bedrooms | $293.2K | $237K | -19.2% |
| 4 Bedrooms | $292.5K | $204K | -30.3% |
| 5+ Bedrooms | $586.8K | $270K | -54.0% |
Summary: Holy Cross housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 36.1%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 30.3%, and 5+ bedroom homes decreased by 54%.
Median Sold Price Compared To Nearby Neighborhoods
| Lower Ninth Ward | $179.4K | $175K | -2.5% |
| Holy Cross | $265K | $189.5K | -28.5% |
Housing Supply in Holy Cross, LA
How many homes are available in Holy Cross, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Holy Cross real estate market had 37 homes for sale in April 2024, a 19.4% 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 | 9 | 11 | +22.2% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Holy Cross 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 22.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holy Cross, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Holy Cross in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Holy Cross, LA
How long does it take to sell a home in Holy Cross, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 132 Days | +190.5% |
Summary: Homes in Holy Cross had an average of 132 days on market in Apr 2024, up by 190.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Holy Cross are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Holy Cross; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.