Is Hammond, 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, Hammond was a Seller's Market.
Key Takeaway
Hammond is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hammond, LA
How much do homes in Hammond, LA cost?
Median Sold Price
$228,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hammond have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Hammond was $228,000 in April 2024, up 8.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | - | N/A |
| 2 Bedrooms | $139K | $152.5K | +9.7% |
| 3 Bedrooms | $205.3K | $219K | +6.7% |
| 4 Bedrooms | $278.5K | $284K | +2.0% |
| 5+ Bedrooms | $280K | $311K | +11.1% |
Summary: Hammond 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 9.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Hammond | $210K | $228K | +8.6% |
| Ponchatoula | $249.9K | $242.1K | -3.1% |
Housing Supply in Hammond, LA
How many homes are available in Hammond, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 208 | 215 | +3.4% |
Summary: The Hammond real estate market had 215 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 18 | +50.0% |
| 3 Bedrooms | 120 | 128 | +6.7% |
| 4 Bedrooms | 51 | 45 | -11.8% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Hammond 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 6.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 31 | -32.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammond, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Hammond in April 2024, down by 32.6% month-over-month. Of the 31 sold homes, 58% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Hammond, LA
How long does it take to sell a home in Hammond, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 65 Days | +32.1% |
Summary: Homes in Hammond had an average of 65 days on market in Apr 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hammond are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Hammond; 45% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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