Is Lacombe, 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, Lacombe was a Seller's Market.
Housing Prices in Lacombe, LA
How much do homes in Lacombe, LA cost?
Median Sold Price
$226,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lacombe was $226,250 in April 2024, down 5.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187K | $109.5K | -41.4% |
2 Bedrooms | $112.5K | $129.9K | +15.5% |
3 Bedrooms | $222.8K | $220K | -1.3% |
4 Bedrooms | $361.5K | $304.9K | -15.7% |
5+ Bedrooms | $243.5K | $380K | +56.1% |
Summary: Lacombe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes increased by 15.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
New Orleans | $336K | $325.1K | -3.2% |
Lacombe | $239.1K | $226.2K | -5.4% |
Housing Supply in Lacombe, LA
How many homes are available in Lacombe, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 64 | +12.3% |
Summary: The Lacombe real estate market had 64 homes for sale in April 2024, a 12.3% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lacombe 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 16.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lacombe in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Lacombe, LA
How long does it take to sell a home in Lacombe, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 93 Days | +88.7% |
Summary: Homes in Lacombe had an average of 93 days on market in Apr 2024, up by 88.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Lacombe; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.