Is Mandeville, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mandeville has remained a Seller's Market.
Key Takeaway
Mandeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mandeville, LA
How much do homes in Mandeville, LA cost?
Median Sold Price
$347,750
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mandeville have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Mandeville was $347,750 in April 2024, up 3.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $299.2K | +103.6% |
| 2 Bedrooms | $190K | $195K | +2.6% |
| 3 Bedrooms | $270K | $276.9K | +2.6% |
| 4 Bedrooms | $413.6K | $427.5K | +3.3% |
| 5+ Bedrooms | $615K | $633K | +2.9% |
Summary: Mandeville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Mandeville, LA
How many homes are available in Mandeville, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 271 | 306 | +12.9% |
Summary: The Mandeville real estate market had 306 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 89 | 100 | +12.4% |
| 4 Bedrooms | 100 | 119 | +19.0% |
| 5+ Bedrooms | 53 | 58 | +9.4% |
Summary: The Mandeville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 54 | +3.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mandeville, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Mandeville in April 2024, up by 3.8% month-over-month. Of the 54 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for Mandeville, LA
How long does it take to sell a home in Mandeville, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +27.8% |
Summary: Homes in Mandeville had an average of 42 days on market in Apr 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mandeville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 54 homes were sold in Mandeville; 61% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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