Is Abita Springs, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Abita Springs was a Seller's Market.
Key Takeaway
Abita Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Abita Springs, LA
How much do homes in Abita Springs, LA cost?
Median Sold Price
$315,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Abita Springs have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Abita Springs was $315,000 in May 2024, up 10.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $165K | +114.3% |
| 2 Bedrooms | $206.5K | $194K | -6.1% |
| 3 Bedrooms | $275K | $318.5K | +15.8% |
| 4 Bedrooms | $505K | $394.7K | -21.8% |
| 5+ Bedrooms | $949K | $480K | -49.4% |
Summary: Abita Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.3%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes decreased by 49.4%.
Housing Supply in Abita Springs, LA
How many homes are available in Abita Springs, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Abita Springs real estate market had 44 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Abita Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Abita Springs, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Abita Springs in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Abita Springs, LA
How long does it take to sell a home in Abita Springs, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 51 Days | +98.7% |
Summary: Homes in Abita Springs had an average of 51 days on market in May 2024, up by 98.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Abita Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Abita Springs; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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