Is Lafitte, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lafitte was a Seller's Market.
Key Takeaway
Lafitte is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lafitte, LA
How much do homes in Lafitte, LA cost?
Median Sold Price
$241,742
$149/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in Lafitte has remained the same since last month.
Summary: The median home sold price in Lafitte was $241,742 in March 2024, up 0.2% from last month, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $236.8K | $241.7K | +2.1% |
| 4 Bedrooms | $249.2K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lafitte housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lafitte | $241.3K | $241.7K | 0.2% |
| Jean Lafitte | $241.3K | $241.7K | 0.2% |
| Barataria | $399K | $180K | -54.9% |
Housing Supply in Lafitte, LA
How many homes are available in Lafitte, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Lafitte real estate market had 32 homes for sale in March 2024, a 3.0% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lafitte 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafitte, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Lafitte in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lafitte, LA
How long does it take to sell a home in Lafitte, LA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 3 Days | -2.5% |
Summary: Homes in Lafitte had an average of 3 days on market in Mar 2024, down by 2.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lafitte are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Lafitte; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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