Is Lacombe, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lacombe has remained a Buyer's Market.
Housing Prices in Lacombe, LA
How much do homes in Lacombe, LA cost?
Median Sold Price
$227,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lacombe was $227,500 in March 2024, down 4.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187K | $109.5K | -41.4% |
2 Bedrooms | $139K | $110K | -20.9% |
3 Bedrooms | $227.3K | $220K | -3.2% |
4 Bedrooms | $361.5K | $299.9K | -17.0% |
5+ Bedrooms | $243.5K | $380K | +56.1% |
Summary: Lacombe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes decreased by 20.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
New Orleans | $340.5K | $329.1K | -3.3% |
Lacombe | $238.9K | $227.5K | -4.8% |
Housing Supply in Lacombe, LA
How many homes are available in Lacombe, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 56 | +24.4% |
Summary: The Lacombe real estate market had 56 homes for sale in March 2024, a 24.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 10 | 16 | +60.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lacombe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lacombe in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Lacombe, LA
How long does it take to sell a home in Lacombe, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
102 Days | 26 Days | -74.6% |
Summary: Homes in Lacombe had an average of 26 days on market in Mar 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Lacombe; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.