Is Summer Grove, 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, Summer Grove was a Seller's Market.
Key Takeaway
Summer Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Summer Grove, LA
How much do homes in Summer Grove, LA cost?
Median Sold Price
$160,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Summer Grove has remained the same since last year.
Summary: The median home sold price in Summer Grove was $160,000 in April 2024, up 0.3% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $139.7K | +55.3% |
| 3 Bedrooms | $155K | $155K | 0.0% |
| 4 Bedrooms | $211K | $185.5K | -12.1% |
| 5+ Bedrooms | $269.9K | $265K | -1.8% |
Summary: Summer Grove 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 55.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Idlewood | $218K | $228.3K | +4.8% |
| Southern Hills | $195.4K | $200K | +2.3% |
| Cargill Park | $138K | $140K | +1.4% |
| Summer Grove | $159.6K | $160K | 0.3% |
Housing Supply in Summer Grove, LA
How many homes are available in Summer Grove, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Summer Grove real estate market had 27 homes for sale in April 2024, a 6.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summer Grove 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 decreased by 50%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summer Grove, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Summer Grove in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Summer Grove, LA
How long does it take to sell a home in Summer Grove, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 37 Days | +47.0% |
Summary: Homes in Summer Grove had an average of 37 days on market in Apr 2024, up by 47% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Summer Grove are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Summer Grove; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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