Is Reserve, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Reserve was a Neutral Market.
Housing Prices in Reserve, LA
How much do homes in Reserve, LA cost?
Median Sold Price
$121,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Reserve was $121,000 in February 2024, down 17% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $119K | $73K | -38.7% |
3 Bedrooms | $145.5K | $147.5K | +1.4% |
4 Bedrooms | $245K | $107K | -56.3% |
5+ Bedrooms | $190K | $316K | +66.3% |
Summary: Reserve housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 56.3%, and 5+ bedroom homes increased by 66.3%.
Median Sold Price Compared To Nearby Cities
La Place | $190.3K | $199.6K | +4.9% |
Reserve | $145.7K | $121K | -17.0% |
Housing Supply in Reserve, LA
How many homes are available in Reserve, LA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Reserve real estate market had 12 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Reserve housing inventory by bedroom type for February 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 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Reserve in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Reserve, LA
How long does it take to sell a home in Reserve, LA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
10 Days | 80 Days | +700.0% |
Summary: Homes in Reserve had an average of 80 days on market in Feb 2024, up by 700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Reserve; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.