Is La Place, 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, La Place was a Seller's Market.
Housing Prices in La Place, LA
How much do homes in La Place, LA cost?
Median Sold Price
$200,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in La Place was $200,000 in April 2024, up 5.3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $123.9K | $138K | +11.3% |
3 Bedrooms | $190K | $184.5K | -2.9% |
4 Bedrooms | $198.5K | $232.5K | +17.1% |
5+ Bedrooms | $285K | $370K | +29.8% |
Summary: La Place 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 11.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Cities
Norco | $211K | $222.5K | +5.5% |
La Place | $190K | $200K | +5.3% |
Destrehan | $295K | $300K | +1.7% |
Hahnville | $292.6K | $289.5K | -1.0% |
Reserve | $148.7K | $107K | -28.1% |
Housing Supply in La Place, LA
How many homes are available in La Place, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 138 | +3.8% |
Summary: The La Place real estate market had 138 homes for sale in April 2024, a 3.8% 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 | 4 | 7 | +75.0% |
3 Bedrooms | 86 | 86 | 0.0% |
4 Bedrooms | 37 | 40 | +8.1% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The La Place 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 75%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in La Place in April 2024, the same as the previous month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for La Place, LA
How long does it take to sell a home in La Place, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 52 Days | +51.0% |
Summary: Homes in La Place had an average of 52 days on market in Apr 2024, up by 51% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in La Place; 63% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.