Is Tangipahoa County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tangipahoa County has remained a Seller's Market.
Key Takeaway
Tangipahoa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tangipahoa County, LA
How much do homes in Tangipahoa County, LA cost?
Median Sold Price
$229,963
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tangipahoa County have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Tangipahoa County was $229,963 in March 2024, down 2.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $159.9K | +48.1% |
| 2 Bedrooms | $139K | $151K | +8.6% |
| 3 Bedrooms | $220K | $219K | -0.4% |
| 4 Bedrooms | $292.1K | $284.4K | -2.6% |
| 5+ Bedrooms | $347.6K | $353.2K | +1.6% |
Summary: Tangipahoa County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Washington County | $157.1K | $159.5K | +1.5% |
| Saint Tammany County | $289.6K | $292.7K | +1.1% |
| Tangipahoa County | $235K | $229.9K | -2.1% |
Housing Supply in Tangipahoa County, LA
How many homes are available in Tangipahoa County, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 439 | 468 | +6.6% |
Summary: The Tangipahoa County real estate market had 468 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 27 | +17.4% |
| 3 Bedrooms | 243 | 246 | +1.2% |
| 4 Bedrooms | 135 | 155 | +14.8% |
| 5+ Bedrooms | 36 | 38 | +5.6% |
Summary: The Tangipahoa County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 82 | +24.2% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tangipahoa County, you may be able to get a good deal. 61% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Tangipahoa County in March 2024, up by 24.2% month-over-month. Of the 82 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Tangipahoa County, LA
How long does it take to sell a home in Tangipahoa County, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 71 Days | +40.1% |
Summary: Homes in Tangipahoa County had an average of 71 days on market in Mar 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tangipahoa County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 82 homes were sold in Tangipahoa County; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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