Is Marrero, 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, Marrero has remained a Seller's Market.
Key Takeaway
Marrero is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marrero, LA
How much do homes in Marrero, LA cost?
Median Sold Price
$220,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marrero have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Marrero was $220,000 in April 2024, up 1.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $74.4K | -27.4% |
| 2 Bedrooms | $150K | $141.5K | -5.7% |
| 3 Bedrooms | $210K | $214.3K | +2.0% |
| 4 Bedrooms | $280.7K | $264K | -6.0% |
| 5+ Bedrooms | $325K | $334.5K | +2.9% |
Summary: Marrero housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Marrero | $217.3K | $220K | +1.2% |
| Belle Chasse | $369K | $368.9K | 0% |
| Harvey | $227.5K | $215K | -5.5% |
| Westwego | $199K | $183.2K | -7.9% |
Housing Supply in Marrero, LA
How many homes are available in Marrero, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 192 | 206 | +7.3% |
Summary: The Marrero real estate market had 206 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 116 | 124 | +6.9% |
| 4 Bedrooms | 48 | 54 | +12.5% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Marrero housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marrero, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Marrero in April 2024, up by 8.3% month-over-month. Of the 39 sold homes, 49% were sold under asking, 33% were sold at asking, and 18% were sold over asking.
Days on Market for Marrero, LA
How long does it take to sell a home in Marrero, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 51 Days | +14.2% |
Summary: Homes in Marrero had an average of 51 days on market in Apr 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marrero are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 39 homes were sold in Marrero; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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