Is Lacombe, 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, Lacombe has remained a Seller's Market.
Key Takeaway
Lacombe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lacombe, LA
How much do homes in Lacombe, LA cost?
Median Sold Price
$245,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lacombe have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Lacombe was $245,500 in May 2024, up 7.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $109.5K | -41.4% |
| 2 Bedrooms | $112.5K | $110K | -2.2% |
| 3 Bedrooms | $221K | $222K | 0.5% |
| 4 Bedrooms | $360K | $299.3K | -16.8% |
| 5+ Bedrooms | $243.5K | $380K | +56.1% |
Summary: Lacombe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 56.1%.
Median Sold Price Compared To Nearby Cities
| Lacombe | $228.7K | $245.5K | +7.3% |
| New Orleans | $334.5K | $325K | -2.8% |
Housing Supply in Lacombe, LA
How many homes are available in Lacombe, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 76 | +22.6% |
Summary: The Lacombe real estate market had 76 homes for sale in May 2024, a 22.6% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 33 | 44 | +33.3% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lacombe 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 increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lacombe, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Lacombe in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 54% were sold at asking, and 8% were sold over asking.
Days on Market for Lacombe, LA
How long does it take to sell a home in Lacombe, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 35 Days | +40.6% |
Summary: Homes in Lacombe had an average of 35 days on market in May 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lacombe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Lacombe; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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