Is Chalmette, 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, Chalmette was a Seller's Market.
Housing Prices in Chalmette, LA
How much do homes in Chalmette, LA cost?
Median Sold Price
$233,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chalmette was $233,000 in May 2024, down 2.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171K | - | N/A |
2 Bedrooms | $149K | $138K | -7.4% |
3 Bedrooms | $226.8K | $225.5K | -0.6% |
4 Bedrooms | $295K | $274.5K | -6.9% |
5+ Bedrooms | $254.9K | $255K | 0.0% |
Summary: Chalmette 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 decreased by 7.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Arabi | $295K | $290K | -1.7% |
New Orleans | $334.5K | $325K | -2.8% |
Chalmette | $240K | $233K | -2.9% |
Meraux | $268.1K | $227.5K | -15.2% |
Housing Supply in Chalmette, LA
How many homes are available in Chalmette, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 122 | +14.0% |
Summary: The Chalmette real estate market had 122 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 59 | 65 | +10.2% |
4 Bedrooms | 32 | 38 | +18.8% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Chalmette housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Chalmette in May 2024, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Chalmette, LA
How long does it take to sell a home in Chalmette, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 63 Days | +25.3% |
Summary: Homes in Chalmette had an average of 63 days on market in May 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Chalmette; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.