Is La Place, 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, La Place was a Seller's Market.
Housing Prices in La Place, LA
How much do homes in La Place, LA cost?
Median Sold Price
$196,700
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Place was $196,700 in May 2024, up 0.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $133.9K | $136K | +1.5% |
3 Bedrooms | $194.5K | $184K | -5.4% |
4 Bedrooms | $205K | $230K | +12.2% |
5+ Bedrooms | $309K | $365K | +18.1% |
Summary: La Place 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 1.5%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
Norco | $212K | $220K | +3.8% |
La Place | $194.8K | $196.7K | +0.9% |
Destrehan | $299.9K | $299.9K | 0.0% |
Hahnville | $305K | $289.9K | -5.0% |
Reserve | $142.5K | $105K | -26.3% |
Housing Supply in La Place, LA
How many homes are available in La Place, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
137 | 149 | +8.8% |
Summary: The La Place real estate market had 149 homes for sale in May 2024, a 8.8% 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 | 85 | 95 | +11.8% |
4 Bedrooms | 40 | 41 | +2.5% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The La Place 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 11.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 18 | -21.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in La Place in May 2024, down by 21.7% month-over-month. Of the 18 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for La Place, LA
How long does it take to sell a home in La Place, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 87 Days | +130.1% |
Summary: Homes in La Place had an average of 87 days on market in May 2024, up by 130.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in La Place; 50% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.