Is French Quarter, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, French Quarter has remained a Buyer's Market.
Housing Prices in French Quarter, LA
How much do homes in French Quarter, LA cost?
Median Sold Price
$452,500
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in French Quarter was $452,500 in April 2024, up 11.7% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $332K | $299.5K | -9.8% |
2 Bedrooms | $452.5K | $487.5K | +7.7% |
3 Bedrooms | $655K | $1.2M | +83.2% |
4 Bedrooms | $470K | $553.9K | +17.9% |
5+ Bedrooms | $825K | $682K | -17.3% |
Summary: French Quarter housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 83.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Neighborhoods
French Quarter | $405K | $452.5K | +11.7% |
Central Business District | $465K | $485K | +4.3% |
Marigny | $435K | $407.5K | -6.3% |
Treme | $431K | $340K | -21.1% |
Housing Supply in French Quarter, LA
How many homes are available in French Quarter, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 151 | +11.9% |
Summary: The French Quarter real estate market had 151 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 46 | +17.9% |
2 Bedrooms | 41 | 44 | +7.3% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The French Quarter housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in French Quarter in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for French Quarter, LA
How long does it take to sell a home in French Quarter, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 80 Days | 0.4% |
Summary: Homes in French Quarter had an average of 80 days on market in Apr 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in French Quarter; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.