Is Scott, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Scott was a Seller's Market.

Key Takeaway

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

Housing Prices in Scott, LA

How much do homes in Scott, LA cost?

Median Sold Price

$222,245

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,205(-3.1%)

Key Takeaway

Homes in Scott have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Scott was $222,245 in November 2024, down 3.1% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$155K
N/A
2 $140K$135K
-3.6%
3 $230.3K$232.5K
+1.0%
4 $475K$233K
-50.9%
5+ $615.1K$350.5K
-43.0%

Summary: Scott housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 50.9%, and 5+ bedroom homes decreased by 43%.

Median Sold Price Compared To Nearby Cities

Lafayette
-2.1%
Scott
-3.1%

Housing Supply in Scott, LA

How many homes are available in Scott, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
51510.0%

Summary: The Scott real estate market had 51 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 78
+14.3%
3 3129
-6.5%
4 1114
+27.3%
5+ 10
-100.0%

Summary: The Scott housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Scott in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.

Days on Market for Scott, LA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
63 Days8 Days-87.3%

Summary: Homes in Scott had an average of 8 days on market in Nov 2024, down by 87.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Scott; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

Newest Listings in Scott, LA

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