Is New Iberia, 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, New Iberia has remained a Neutral Market.
Housing Prices in New Iberia, LA
How much do homes in New Iberia, LA cost?
Median Sold Price
$166,907
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Iberia was $166,907 in April 2024, up 0.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $105K | +40.0% |
2 Bedrooms | $102.5K | $123K | +20.0% |
3 Bedrooms | $167K | $159K | -4.8% |
4 Bedrooms | $268.7K | $219.9K | -18.1% |
5+ Bedrooms | $250K | $350K | +40.0% |
Summary: New Iberia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes increased by 40%.
Housing Supply in New Iberia, LA
How many homes are available in New Iberia, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
170 | 179 | +5.3% |
Summary: The New Iberia real estate market had 179 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 100 | 111 | +11.0% |
4 Bedrooms | 41 | 43 | +4.9% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The New Iberia 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 decreased by 8.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 26 homes were sold or pending in New Iberia in April 2024, up by 13.0% month-over-month. Of the 26 sold homes, 54% were sold under asking, 42% were sold at asking, and 4% were sold over asking.
Days on Market for New Iberia, LA
How long does it take to sell a home in New Iberia, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 75 Days | +16.8% |
Summary: Homes in New Iberia had an average of 75 days on market in Apr 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in New Iberia; 42% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.