Is Pearl River, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pearl River is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Pearl River was a Neutral Market.

Key Takeaway

Pearl River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pearl River, LA

How much do homes in Pearl River, LA cost?

Median Sold Price

$255,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$20,500(-7.4%)

Key Takeaway

Homes in Pearl River have sold for 7.4% less than they did a year ago.

Summary: The median home sold price in Pearl River was $255,000 in March 2024, down 7.4% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$28K
N/A
2 $148K$135.7K
-8.3%
3 $235.3K$203K
-13.8%
4 $330K$361K
+9.4%
5+ $430K$452.5K
+5.2%

Summary: Pearl River 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 decreased by 8.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 5.2%.

Housing Supply in Pearl River, LA

How many homes are available in Pearl River, LA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3541+17.1%

Summary: The Pearl River real estate market had 41 homes for sale in March 2024, a 17.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2022
+10.0%
4 1317
+30.8%
5+ 11
0.0%

Summary: The Pearl River 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 increased by 10%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pearl River, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pearl River in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Pearl River, LA

How long does it take to sell a home in Pearl River, LA?

Average Sale Time

Mar 2023Mar 2024CHANGE
69 Days71 Days+1.9%

Summary: Homes in Pearl River had an average of 71 days on market in Mar 2024, up by 1.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Pearl River; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 25 Days Ago

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