Is Old Aurora, 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, Old Aurora was a Seller's Market.
Key Takeaway
Old Aurora is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Old Aurora, LA
How much do homes in Old Aurora, LA cost?
Median Sold Price
$227,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Old Aurora have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Old Aurora was $227,500 in April 2024, down 8.3% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $260K | +300.0% |
| 2 Bedrooms | $145K | $139K | -4.1% |
| 3 Bedrooms | $218K | $199K | -8.7% |
| 4 Bedrooms | $274.5K | $245K | -10.7% |
| 5+ Bedrooms | $271K | $352.7K | +30.2% |
Summary: Old Aurora housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Old Aurora | $248K | $227.5K | -8.3% |
| Algiers | $260K | $225K | -13.5% |
Housing Supply in Old Aurora, LA
How many homes are available in Old Aurora, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 74 | +15.6% |
Summary: The Old Aurora real estate market had 74 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 30 | 37 | +23.3% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Old Aurora 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 decreased by 20%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Aurora, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Old Aurora in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Old Aurora, LA
How long does it take to sell a home in Old Aurora, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 54 Days | 0.4% |
Summary: Homes in Old Aurora had an average of 54 days on market in Apr 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Old Aurora are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Old Aurora; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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