Is Lake Catherine, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lake Catherine has remained a Buyer's Market.
Key Takeaway
Lake Catherine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Catherine, LA
How much do homes in Lake Catherine, LA cost?
Median Sold Price
$345,000
$157/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Lake Catherine have sold for 34.4% less than they did a month ago.
Summary: The median home sold price in Lake Catherine was $345,000 in April 2024, down 34.4% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $202.5K | $345K | +70.4% |
| 4 Bedrooms | $850K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake Catherine housing prices by bedroom type for April 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 70.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lake Catherine, LA
How many homes are available in Lake Catherine, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Lake Catherine real estate market had 24 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Catherine 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Catherine, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lake Catherine in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Catherine, LA
How long does it take to sell a home in Lake Catherine, LA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 511 Days | 220 Days | -56.9% |
Summary: Homes in Lake Catherine had an average of 220 days on market in Apr 2024, down by 56.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lake Catherine are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Lake Catherine; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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