Is Loranger, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Loranger has remained a Seller's Market.
Housing Prices in Loranger, LA
How much do homes in Loranger, LA cost?
Median Sold Price
$237,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Loranger was $237,500 in May 2024, down 6.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174K | - | N/A |
2 Bedrooms | $333.7K | - | N/A |
3 Bedrooms | $240K | $229K | -4.6% |
4 Bedrooms | $285K | $256.2K | -10.1% |
5+ Bedrooms | $325K | $530K | +63.1% |
Summary: Loranger housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 63.1%.
Median Sold Price Compared To Nearby Cities
Loranger | $254.9K | $237.5K | -6.8% |
Amite | $202.5K | $175K | -13.6% |
Housing Supply in Loranger, LA
How many homes are available in Loranger, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Summary: The Loranger real estate market had 23 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Loranger housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Loranger in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Loranger, LA
How long does it take to sell a home in Loranger, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 59 Days | -20.0% |
Summary: Homes in Loranger had an average of 59 days on market in May 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Loranger; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.