Is Gretna, 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, Gretna was a Seller's Market.
Key Takeaway
Gretna 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 Gretna, LA
How much do homes in Gretna, LA cost?
Median Sold Price
$229,666
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gretna have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Gretna was $229,666 in May 2024, down 6.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $82.5K | -56.6% |
| 2 Bedrooms | $170.7K | $137K | -19.8% |
| 3 Bedrooms | $230K | $207K | -10.0% |
| 4 Bedrooms | $276.5K | $264.9K | -4.2% |
| 5+ Bedrooms | $300K | $300.5K | 0.2% |
Summary: Gretna housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.6%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| New Orleans | $334.5K | $325K | -2.8% |
| Gretna | $245K | $229.6K | -6.3% |
| Harvey | $225K | $210K | -6.7% |
Housing Supply in Gretna, LA
How many homes are available in Gretna, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 168 | 174 | +3.6% |
Summary: The Gretna real estate market had 174 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 75 | 80 | +6.7% |
| 4 Bedrooms | 49 | 52 | +6.1% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Gretna housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gretna, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Gretna in May 2024, the same as the previous month. Of the 29 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for Gretna, LA
How long does it take to sell a home in Gretna, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 50 Days | -9.8% |
Summary: Homes in Gretna had an average of 50 days on market in May 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gretna are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Gretna; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.