Is Lakeshore / Lake Vista, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lakeshore / Lake Vista was a Neutral Market.
Key Takeaway
Lakeshore / Lake Vista is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakeshore / Lake Vista, LA
How much do homes in Lakeshore / Lake Vista, LA cost?
Median Sold Price
$664,275
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lakeshore / Lake Vista have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Lakeshore / Lake Vista was $664,275 in April 2024, up 11.6% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.6K | - | N/A |
| 2 Bedrooms | $433.2K | $494.2K | +14.1% |
| 3 Bedrooms | $550K | $575K | +4.5% |
| 4 Bedrooms | $745.5K | $790K | +6.0% |
| 5+ Bedrooms | $602.1K | $800K | +32.8% |
Summary: Lakeshore / Lake Vista housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakeshore / Lake Vista | $595K | $664.2K | +11.6% |
| City Park | $455K | $450K | -1.1% |
| Gentilly | $280K | $270K | -3.6% |
| Lake Terrace / Lake Oaks | $470K | $430K | -8.5% |
Housing Supply in Lakeshore / Lake Vista, LA
How many homes are available in Lakeshore / Lake Vista, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Summary: The Lakeshore / Lake Vista real estate market had 38 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lakeshore / Lake Vista 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 increased by 50%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeshore / Lake Vista, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Lakeshore / Lake Vista in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Lakeshore / Lake Vista, LA
How long does it take to sell a home in Lakeshore / Lake Vista, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 68 Days | +29.9% |
Summary: Homes in Lakeshore / Lake Vista had an average of 68 days on market in Apr 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lakeshore / Lake Vista are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Lakeshore / Lake Vista; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.