Is Violet, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Violet was a Seller'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
How much do homes in Violet, LA cost?
Median Sold Price
$185,675
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Violet have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in Violet was $185,675 in August 2023, down 9.9% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.4K | - | N/A |
| 3 Bedrooms | $200K | $180K | -10.0% |
| 4 Bedrooms | $237.5K | $226.5K | -4.6% |
| 5+ Bedrooms | $365K | $470K | +28.8% |
Summary: Violet housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
| Saint Bernard | $167.5K | $165K | -1.5% |
| Meraux | $275K | $254K | -7.6% |
| Violet | $206K | $185.6K | -9.9% |
Housing Supply
How many homes are available in Violet, LA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Violet real estate market had 31 homes for sale in August 2023, a 3.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Violet housing inventory by bedroom type for August 2023 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 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Violet, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Violet in August 2023, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market
How long does it take to sell a home in Violet, LA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 29 Days | 45 Days | +52.5% |
Summary: Homes in Violet had an average of 45 days on market in Aug 2023, up by 52.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Violet are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 2 homes were sold in Violet; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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