Is Amite, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Amite was a Seller's Market.
Key Takeaway
Amite 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 Amite, LA
How much do homes in Amite, LA cost?
Median Sold Price
$175,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Amite have sold for 13.6% less than they did a year ago.
Summary: The median home sold price in Amite was $175,000 in May 2024, down 13.6% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $136.7K | $150.5K | +10.1% |
| 3 Bedrooms | $258.5K | $178.7K | -30.9% |
| 4 Bedrooms | $450K | $217.5K | -51.7% |
| 5+ Bedrooms | $275 | - | N/A |
Summary: Amite housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes decreased by 30.9%, 4 bedroom homes decreased by 51.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Amite City | $170.5K | $155K | -9.1% |
| Amite | $202.5K | $175K | -13.6% |
Housing Supply in Amite, LA
How many homes are available in Amite, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Amite real estate market had 24 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Amite 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 decreased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amite, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Amite in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Amite, LA
How long does it take to sell a home in Amite, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 104 Days | 180 Days | +73.6% |
Summary: Homes in Amite had an average of 180 days on market in May 2024, up by 73.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amite are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Amite; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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