Is Saint Tammany County, 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, Saint Tammany County was a Seller's Market.
Key Takeaway
Saint Tammany County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Saint Tammany County, LA
How much do homes in Saint Tammany County, LA cost?
Median Sold Price
$293,962
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saint Tammany County have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Saint Tammany County was $293,962 in April 2024, up 1.6% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.7K | $129.3K | +8.9% |
| 2 Bedrooms | $161.7K | $169K | +4.5% |
| 3 Bedrooms | $250.6K | $255.7K | +2.0% |
| 4 Bedrooms | $362.6K | $371.3K | +2.4% |
| 5+ Bedrooms | $543.6K | $590K | +8.5% |
Summary: Saint Tammany County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Counties
| Washington County | $155K | $160K | +3.2% |
| Saint Tammany County | $289.4K | $293.9K | +1.6% |
| Tangipahoa County | $234.7K | $229.9K | -2.0% |
Housing Supply in Saint Tammany County, LA
How many homes are available in Saint Tammany County, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,431 | 1,615 | +12.9% |
Summary: The Saint Tammany County real estate market had 1,615 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 | 20 | 22 | +10.0% |
| 2 Bedrooms | 107 | 112 | +4.7% |
| 3 Bedrooms | 573 | 647 | +12.9% |
| 4 Bedrooms | 570 | 652 | +14.4% |
| 5+ Bedrooms | 161 | 182 | +13.0% |
Summary: The Saint Tammany County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 219 | 250 | +14.2% |
Asking Price vs. Sold Price
145 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Tammany County, you may be able to get a good deal. 58% of homes here sold below asking price last month.
Summary: A total of 250 homes were sold or pending in Saint Tammany County in April 2024, up by 14.2% month-over-month. Of the 250 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Saint Tammany County, LA
How long does it take to sell a home in Saint Tammany County, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 56 Days | +39.3% |
Summary: Homes in Saint Tammany County had an average of 56 days on market in Apr 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
129 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
58 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Tammany County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 250 homes were sold in Saint Tammany County; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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