Is Saint Tammany County, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Tammany County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Saint Tammany County was a Seller's Market.

Key Takeaway

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

Housing Prices in Saint Tammany County, LA

How much do homes in Saint Tammany County, LA cost?

Median Sold Price

$289,976

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$540(+0.2%)

Key Takeaway

The sold price of homes in Saint Tammany County has remained the same since last year.

Summary: The median home sold price in Saint Tammany County was $289,976 in February 2024, up 0.2% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $127.5K$126.9K
-0.4%
2 $163.6K$165K
+0.8%
3 $252.1K$253K
0.4%
4 $364.2K$370.7K
+1.8%
5+ $555.1K$576.5K
+3.9%

Summary: Saint Tammany County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Counties

Saint Tammany County
0.2%
Tangipahoa County
-2.2%
Washington County
-2.4%

Housing Supply in Saint Tammany County, LA

How many homes are available in Saint Tammany County, LA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,1831,361+15.0%

Summary: The Saint Tammany County real estate market had 1,361 homes for sale in February 2024, a 15.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2522
-12.0%
2 8698
+14.0%
3 467561
+20.1%
4 471536
+13.8%
5+ 134144
+7.5%

Summary: The Saint Tammany County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 7.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
140153+9.3%

Asking Price vs. Sold Price

105 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Tammany County, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Saint Tammany County in February 2024, up by 9.3% month-over-month. Of the 153 sold homes, 69% were sold under asking, 21% were sold at asking, and 10% were sold over asking.

Days on Market for Saint Tammany County, LA

How long does it take to sell a home in Saint Tammany County, LA?

Average Sale Time

Feb 2023Feb 2024CHANGE
46 Days63 Days+37.2%

Summary: Homes in Saint Tammany County had an average of 63 days on market in Feb 2024, up by 37.2% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Tammany County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 153 homes were sold in Saint Tammany County; 42% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 22% 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 28 Days Ago

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