Is Milneburg, 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, Milneburg was a Neutral Market.
Key Takeaway
Milneburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Milneburg, LA
How much do homes in Milneburg, LA cost?
Median Sold Price
$268,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Milneburg have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Milneburg was $268,000 in April 2024, up 7.2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $172K | $190K | +10.5% |
| 3 Bedrooms | $290K | $244.5K | -15.7% |
| 4 Bedrooms | $250K | $299K | +19.6% |
| 5+ Bedrooms | $223.5K | $280.5K | +25.5% |
Summary: Milneburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Milneburg | $250K | $268K | +7.2% |
| Gentilly | $280K | $270K | -3.6% |
| Lake Terrace / Lake Oaks | $470K | $430K | -8.5% |
| Gentilly Terrace | $269K | $246K | -8.6% |
| Pontchartrain Park | $245.5K | $218.2K | -11.1% |
Housing Supply in Milneburg, LA
How many homes are available in Milneburg, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The Milneburg real estate market had 51 homes for sale in April 2024, a 18.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Milneburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milneburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Milneburg in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Milneburg, LA
How long does it take to sell a home in Milneburg, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 110 Days | +206.9% |
Summary: Homes in Milneburg had an average of 110 days on market in Apr 2024, up by 206.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Milneburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Milneburg; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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