Is Harvey, 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, Harvey was a Seller's Market.
Key Takeaway
Harvey 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 Harvey, LA
How much do homes in Harvey, LA cost?
Median Sold Price
$215,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Harvey have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Harvey was $215,000 in April 2024, down 5.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $83.5K | +85.6% |
| 2 Bedrooms | $133K | $110K | -17.3% |
| 3 Bedrooms | $219.4K | $210.9K | -3.9% |
| 4 Bedrooms | $256K | $248.5K | -2.9% |
| 5+ Bedrooms | $280K | $305.5K | +9.1% |
Summary: Harvey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.6%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Marrero | $217.3K | $220K | +1.2% |
| Belle Chasse | $369K | $368.9K | 0% |
| New Orleans | $336K | $325.1K | -3.2% |
| Harvey | $227.5K | $215K | -5.5% |
| Gretna | $245K | $227.9K | -7.0% |
Housing Supply in Harvey, LA
How many homes are available in Harvey, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 126 | +24.8% |
Summary: The Harvey real estate market had 126 homes for sale in April 2024, a 24.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 46 | 55 | +19.6% |
| 4 Bedrooms | 34 | 49 | +44.1% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Harvey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harvey, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Harvey in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Harvey, LA
How long does it take to sell a home in Harvey, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 48 Days | -13.2% |
Summary: Homes in Harvey had an average of 48 days on market in Apr 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harvey are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Harvey; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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