Is Mandeville, 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, Mandeville has remained a Seller's Market.
Key Takeaway
Mandeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mandeville, LA
How much do homes in Mandeville, LA cost?
Median Sold Price
$340,156
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mandeville have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Mandeville was $340,156 in March 2024, up 1.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $299.2K | +103.6% |
| 2 Bedrooms | $186K | $194K | +4.3% |
| 3 Bedrooms | $270K | $276.9K | +2.6% |
| 4 Bedrooms | $417.5K | $431.5K | +3.4% |
| 5+ Bedrooms | $600K | $639K | +6.5% |
Summary: Mandeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Mandeville, LA
How many homes are available in Mandeville, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 235 | 286 | +21.7% |
Summary: The Mandeville real estate market had 286 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 87 | 96 | +10.3% |
| 4 Bedrooms | 80 | 107 | +33.8% |
| 5+ Bedrooms | 41 | 51 | +24.4% |
Summary: The Mandeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 33.8%, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 51 | +41.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mandeville, you may be able to get a good deal. 72.5% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Mandeville in March 2024, up by 41.7% month-over-month. Of the 51 sold homes, 73% were sold under asking, 20% were sold at asking, and 8% were sold over asking.
Days on Market for Mandeville, LA
How long does it take to sell a home in Mandeville, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 49 Days | +84.2% |
Summary: Homes in Mandeville had an average of 49 days on market in Mar 2024, up by 84.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mandeville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 51 homes were sold in Mandeville; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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