Is Ponchatoula, 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, Ponchatoula was a Seller's Market.
Key Takeaway
Ponchatoula 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 Ponchatoula, LA
How much do homes in Ponchatoula, LA cost?
Median Sold Price
$242,556
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ponchatoula have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Ponchatoula was $242,556 in March 2024, down 2.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $206K | +64.8% |
| 2 Bedrooms | $120K | $174.5K | +45.4% |
| 3 Bedrooms | $230K | $225K | -2.2% |
| 4 Bedrooms | $292.4K | $292.5K | 0.0% |
| 5+ Bedrooms | $349.9K | $346.4K | -1.0% |
Summary: Ponchatoula housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.8%, 2 bedroom homes increased by 45.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Hammond | $210K | $228.2K | +8.7% |
| Ponchatoula | $249.9K | $242.5K | -2.9% |
Housing Supply in Ponchatoula, LA
How many homes are available in Ponchatoula, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 160 | +16.8% |
Summary: The Ponchatoula real estate market had 160 homes for sale in March 2024, a 16.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 68 | 77 | +13.2% |
| 4 Bedrooms | 57 | 69 | +21.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Ponchatoula 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 25%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 23 | +64.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponchatoula, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Ponchatoula in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 13% were sold at asking, and 26% were sold over asking.
Days on Market for Ponchatoula, LA
How long does it take to sell a home in Ponchatoula, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 61 Days | +19.1% |
Summary: Homes in Ponchatoula had an average of 61 days on market in Mar 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponchatoula are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Ponchatoula; 48% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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