Is Westwego, 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, Westwego was a Neutral Market.
Key Takeaway
Westwego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westwego, LA
How much do homes in Westwego, LA cost?
Median Sold Price
$183,250
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westwego have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Westwego was $183,250 in April 2024, down 7.9% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $123K | $139K | +13.0% |
| 3 Bedrooms | $175K | $169.9K | -2.9% |
| 4 Bedrooms | $325K | $237.5K | -26.9% |
| 5+ Bedrooms | $194.5K | $284.5K | +46.3% |
Summary: Westwego 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 13%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 26.9%, and 5+ bedroom homes increased by 46.3%.
Median Sold Price Compared To Nearby Cities
| Marrero | $217.3K | $220K | +1.2% |
| New Orleans | $336K | $325.1K | -3.2% |
| Westwego | $199K | $183.2K | -7.9% |
Housing Supply in Westwego, LA
How many homes are available in Westwego, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 76 | +7.0% |
Summary: The Westwego real estate market had 76 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 45 | 46 | +2.2% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Westwego 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 increased by 50%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwego, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Westwego in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Westwego, LA
How long does it take to sell a home in Westwego, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -14.3% |
Summary: Homes in Westwego had an average of 20 days on market in Apr 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westwego are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Westwego; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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