Is Saint Tammany County, 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, Saint Tammany County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $126.9K | -0.4% |
2 Bedrooms | $163.6K | $165K | +0.8% |
3 Bedrooms | $252.1K | $253K | 0.4% |
4 Bedrooms | $364.2K | $370.7K | +1.8% |
5+ Bedrooms | $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 | $289.4K | $289.9K | 0.2% |
Tangipahoa County | $235K | $229.9K | -2.2% |
Washington County | $160K | $156.1K | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
1,183 | 1,361 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 22 | -12.0% |
2 Bedrooms | 86 | 98 | +14.0% |
3 Bedrooms | 467 | 561 | +20.1% |
4 Bedrooms | 471 | 536 | +13.8% |
5+ Bedrooms | 134 | 144 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
140 | 153 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 63 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
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.