Is La Place, 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, La Place was a Seller's Market.
Housing Prices in La Place, LA
How much do homes in La Place, LA cost?
Median Sold Price
$202,833
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in La Place was $202,833 in March 2024, up 4.6% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $133.9K | $137K | +2.3% |
3 Bedrooms | $193.5K | $186K | -3.9% |
4 Bedrooms | $200K | $233K | +16.5% |
5+ Bedrooms | $285K | $370K | +29.8% |
Summary: La Place 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 increased by 2.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Cities
La Place | $194K | $202.8K | +4.6% |
Hahnville | $285K | $291.9K | +2.4% |
Destrehan | $295K | $299.9K | +1.7% |
Reserve | $146K | $123.2K | -15.6% |
Housing Supply in La Place, LA
How many homes are available in La Place, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 140 | +8.5% |
Summary: The La Place real estate market had 140 homes for sale in March 2024, a 8.5% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 84 | 91 | +8.3% |
4 Bedrooms | 33 | 37 | +12.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The La Place 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 20%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in La Place in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.
Days on Market for La Place, LA
How long does it take to sell a home in La Place, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 50 Days | +6.8% |
Summary: Homes in La Place had an average of 50 days on market in Mar 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in La Place; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.