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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westwego is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Westwego was a Seller's Market.

Key Takeaway

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

How much do homes in Westwego, LA cost?

Median Sold Price

$176,400

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$23,900(+15.7%)

Key Takeaway

Homes in Westwego have sold for 15.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $99K-
N/A
2 $131K$140K
+6.9%
3 $160K$175K
+9.4%
4 $179K$270K
+50.8%
5+ $235K$287.5K
+22.3%

Median Sold Price Compared To Nearby Cities

Westwego
+15.7%
Marrero
+7.5%
New Orleans
+5.1%

How many homes are available in Westwego, LA?

Number of Homes For Sale

Aug 2022Sep 2022%
22220.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 43
-25.0%
3 1313
0.0%
4 44
0.0%
5+ 01
+100.0%

Number of Homes Sold

Aug 2022Sep 2022%
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westwego, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
22 Days38 Days+70.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westwego has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Westwego, LA

There are 22 homes are for sale in Westwego, LA real estate market. In September 2022, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $176,400. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 6.9%, 3 bedrooms properties became 9.4% more expensive, prices of 4 bedrooms properties went up by 50.8%, prices of 5 bedrooms properties went up by 22.3%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 25% less available, number of 3 bedrooms homes remained the same, 4 bedrooms homes did not move, 5 bedrooms homes inventory increased by 100%. Westwego, LA housing market in September 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.

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