Is Little Woods, 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, Little Woods was a Seller's Market.
Key Takeaway
Little Woods is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little Woods, LA
How much do homes in Little Woods, LA cost?
Median Sold Price
$195,000
$105/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Little Woods has remained the same since last year.
Summary: The median home sold price in Little Woods was $195,000 in April 2024, the same as last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.5K | - | N/A |
| 2 Bedrooms | $75K | $122K | +62.7% |
| 3 Bedrooms | $175K | $179.5K | +2.6% |
| 4 Bedrooms | $250K | $204K | -18.4% |
| 5+ Bedrooms | $205K | $220K | +7.3% |
Summary: Little Woods 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 62.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Neighborhoods
| New Orleans East Area | $192K | $194.9K | +1.5% |
| Little Woods | $195K | $195K | 0.0% |
| Village De L'Est | $166.5K | $160K | -3.9% |
| West Lake Forest | $213K | $136.7K | -35.8% |
Housing Supply in Little Woods, LA
How many homes are available in Little Woods, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 118 | +14.6% |
Summary: The Little Woods real estate market had 118 homes for sale in April 2024, a 14.6% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 62 | 67 | +8.1% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Little Woods 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 75%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Woods, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Little Woods in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Little Woods, LA
How long does it take to sell a home in Little Woods, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 51 Days | +11.7% |
Summary: Homes in Little Woods had an average of 51 days on market in Apr 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Little Woods has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Little Woods; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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