Is South Highland, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Highland was a Seller's Market.
Key Takeaway
South Highland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Highland, LA
How much do homes in South Highland, LA cost?
Median Sold Price
$277,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Highland have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in South Highland was $277,500 in April 2024, down 1.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $177K | $184.3K | +4.1% |
| 3 Bedrooms | $235K | $270K | +14.9% |
| 4 Bedrooms | $408.5K | $390K | -4.5% |
| 5+ Bedrooms | $385K | $525K | +36.4% |
Summary: South Highland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 36.4%.
Housing Supply in South Highland, LA
How many homes are available in South Highland, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The South Highland real estate market had 36 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The South Highland housing inventory by bedroom type for April 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 20%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Highland, 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 South Highland in April 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for South Highland, LA
How long does it take to sell a home in South Highland, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 33 Days | -50.6% |
Summary: Homes in South Highland had an average of 33 days on market in Apr 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Highland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in South Highland; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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