Is New Iberia, 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, New Iberia was a Seller's Market.
Housing Prices in New Iberia, LA
How much do homes in New Iberia, LA cost?
Median Sold Price
$166,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Iberia was $166,500 in March 2024, up 0.2% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $105K | +61.5% |
2 Bedrooms | $102K | $114K | +11.8% |
3 Bedrooms | $167.9K | $160K | -4.7% |
4 Bedrooms | $277K | $219.9K | -20.6% |
5+ Bedrooms | $255K | $350K | +37.3% |
Summary: New Iberia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes increased by 37.3%.
Housing Supply in New Iberia, LA
How many homes are available in New Iberia, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
161 | 163 | +1.2% |
Summary: The New Iberia real estate market had 163 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 96 | 97 | +1.0% |
4 Bedrooms | 37 | 36 | -2.7% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The New Iberia 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 increased by 16.7%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in New Iberia in March 2024, down by 8.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 32% were sold at asking, and 5% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 75 Days | +29.2% |
Summary: Homes in New Iberia had an average of 75 days on market in Mar 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in New Iberia; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.