Is Meraux, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Meraux was a Seller'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
$268,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Meraux have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Meraux was $268,000 in March 2024, up 1.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159.5K | $183.7K | +15.2% |
| 3 Bedrooms | $255K | $240K | -5.9% |
| 4 Bedrooms | $322.5K | $295K | -8.5% |
| 5+ Bedrooms | $307K | $402.5K | +31.1% |
Summary: Meraux housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 31.1%.
Housing Supply in Meraux, LA
How many homes are available in Meraux, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Meraux real estate market had 30 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Meraux housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Meraux, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Meraux in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -39.5% |
Summary: Homes in Meraux had an average of 33 days on market in Mar 2024, down by 39.5% 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 March 2024, 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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