Is Irish Channel, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Irish Channel has remained a Seller's Market.
Key Takeaway
Irish Channel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Irish Channel, LA
How much do homes in Irish Channel, LA cost?
Median Sold Price
$463,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Irish Channel have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Irish Channel was $463,000 in April 2024, down 4.5% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $296K | $275.9K | -6.8% |
| 2 Bedrooms | $400K | $381.2K | -4.7% |
| 3 Bedrooms | $585.5K | $550K | -6.1% |
| 4 Bedrooms | $750K | $438K | -41.6% |
| 5+ Bedrooms | $343.7K | $505K | +46.9% |
Summary: Irish Channel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 41.6%, and 5+ bedroom homes increased by 46.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Garden District | $607.5K | $899K | +48.0% |
| Lower Garden District | $375K | $377K | 0.5% |
| Irish Channel | $485K | $463K | -4.5% |
| East Riverside | $615K | $520K | -15.4% |
Housing Supply in Irish Channel, LA
How many homes are available in Irish Channel, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Irish Channel real estate market had 34 homes for sale in April 2024, a 17.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Irish Channel 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 14.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Irish Channel, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Irish Channel in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Irish Channel, LA
How long does it take to sell a home in Irish Channel, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 78 Days | 53 Days | -31.6% |
Summary: Homes in Irish Channel had an average of 53 days on market in Apr 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Irish Channel has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Irish Channel; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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