Is Marigny, 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, Marigny was a Seller's Market.
Housing Prices in Marigny, LA
How much do homes in Marigny, LA cost?
Median Sold Price
$407,500
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marigny was $407,500 in April 2024, down 6.3% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | $237.5K | -7.6% |
2 Bedrooms | $517.5K | $415K | -19.8% |
3 Bedrooms | $565K | $500K | -11.5% |
4 Bedrooms | $366.6K | $550K | +50.0% |
5+ Bedrooms | $227.7K | $275K | +20.7% |
Summary: Marigny housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Neighborhoods
Bywater | $448.2K | $435K | -3.0% |
Seventh Ward | $265K | $252K | -4.9% |
Marigny | $435K | $407.5K | -6.3% |
Treme | $431K | $340K | -21.1% |
Saint Roch | $289.5K | $217.9K | -24.7% |
Housing Supply in Marigny, LA
How many homes are available in Marigny, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 65 | +30.0% |
Summary: The Marigny real estate market had 65 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 10 | +100.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Marigny housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Marigny in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Marigny, LA
How long does it take to sell a home in Marigny, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 82 Days | +92.2% |
Summary: Homes in Marigny had an average of 82 days on market in Apr 2024, up by 92.2% 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
Summary: During April 2024, 3 homes were sold in Marigny; 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.