Is New Iberia, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Iberia is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in New Iberia, LA

How much do homes in New Iberia, LA cost?

Median Sold Price

$184,250

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,916(+12.1%)

Key Takeaway

Homes in New Iberia have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in New Iberia was $184,250 in November 2024, up 12.1% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$95K
-9.5%
2 $106K$113K
+6.6%
3 $165K$175K
+6.1%
4 $239.9K$234K
-2.5%
5+ $282K$383K
+35.8%

Summary: New Iberia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 35.8%.

Housing Supply in New Iberia, LA

How many homes are available in New Iberia, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
234221-5.6%

Summary: The New Iberia real estate market had 221 homes for sale in November 2024, a 5.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 3024
-20.0%
3 133132
-0.8%
4 5552
-5.5%
5+ 1413
-7.1%

Summary: The New Iberia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3338+15.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Iberia, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in New Iberia in November 2024, up by 15.2% month-over-month. Of the 38 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% were sold over asking.

Days on Market for New Iberia, LA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days79 Days+78.4%

Summary: Homes in New Iberia had an average of 79 days on market in Nov 2024, up by 78.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in New Iberia are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 38 homes were sold in New Iberia; 37% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 39% 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 10 Days Ago

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