Is Meraux, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meraux is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Meraux has remained a Seller's Market.

Key Takeaway

Meraux is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Meraux, LA

How much do homes in Meraux, LA cost?

Median Sold Price

$235,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$20,500(-8.0%)

Key Takeaway

Homes in Meraux have sold for 8% less than they did a year ago.

Summary: The median home sold price in Meraux was $235,000 in September 2024, down 8% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $170K$160K
-5.9%
3 $245K$230K
-6.1%
4 $295K$279.4K
-5.3%
5+ $347.5K$399K
+14.8%

Summary: Meraux housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Cities

Violet
+5.4%
Chalmette
+3.8%
Meraux
-8.0%

Housing Supply in Meraux, LA

How many homes are available in Meraux, LA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3235+9.4%

Summary: The Meraux real estate market had 35 homes for sale in September 2024, a 9.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2423
-4.2%
4 710
+42.9%
5+ 00
0.0%

Summary: The Meraux housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meraux, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Meraux in September 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Meraux, LA

How long does it take to sell a home in Meraux, LA?

Average Sale Time

Sep 2023Sep 2024CHANGE
60 Days28 Days-53.5%

Summary: Homes in Meraux had an average of 28 days on market in Sep 2024, down by 53.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meraux are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Meraux; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Meraux, LA

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