Is Meraux, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Meraux has remained a Buyer's Market.
Key Takeaway
Meraux is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Meraux, LA
How much do homes in Meraux, LA cost?
Median Sold Price
$260,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Meraux have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Meraux was $260,000 in November 2023, down 1.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114.5K | $170K | +48.5% |
| 3 Bedrooms | $240K | $247.5K | +3.1% |
| 4 Bedrooms | $317K | $289K | -8.8% |
| 5+ Bedrooms | $314K | $347.5K | +10.7% |
Summary: Meraux housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in Meraux, LA
How many homes are available in Meraux, LA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Summary: The Meraux real estate market had 32 homes for sale in November 2023, a 8.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Meraux housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meraux, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Meraux in November 2023, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 26 Days | -21.2% |
Summary: Homes in Meraux had an average of 26 days on market in Nov 2023, down by 21.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Meraux are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 2 homes were sold in Meraux; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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