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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Violet is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Violet has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Violet, LA

How much do homes in Violet, LA cost?

Median Sold Price

$187,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$9,500(+5.4%)

Key Takeaway

Homes in Violet have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Violet was $187,000 in September 2024, up 5.4% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$119K
N/A
2 -$163.5K
N/A
3 $172.5K$187K
+8.4%
4 $226.5K$217.5K
-4.0%
5+ $225K$190K
-15.6%

Summary: Violet housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Cities

Saint Bernard
+8.2%
Violet
+5.4%
Meraux
-8.0%

Housing Supply in Violet, LA

How many homes are available in Violet, LA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3635-2.8%

Summary: The Violet real estate market had 35 homes for sale in September 2024, a 2.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 2627
+3.8%
4 55
0.0%
5+ 32
-33.3%

Summary: The Violet housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Violet, 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 Violet in September 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Violet, LA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days29 Days+34.1%

Summary: Homes in Violet had an average of 29 days on market in Sep 2024, up by 34.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Violet; 75% of homes were sold within 30 days, 25% 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 9 Days Ago

Newest Listings in Violet, LA

Nearby Markets to Violet, LA

What housing markets are near Violet, LA?