Is Harvey, 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, Harvey has remained a Seller's Market.
Housing Prices in Harvey, LA
How much do homes in Harvey, LA cost?
Median Sold Price
$210,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harvey was $210,000 in May 2024, down 6.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.1K | $83.5K | +24.4% |
2 Bedrooms | $124.8K | $108K | -13.5% |
3 Bedrooms | $219K | $210K | -4.1% |
4 Bedrooms | $259K | $245K | -5.4% |
5+ Bedrooms | $290K | $301K | +3.8% |
Summary: Harvey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Marrero | $215K | $220K | +2.3% |
Belle Chasse | $375K | $368.5K | -1.7% |
New Orleans | $334.5K | $325K | -2.8% |
Gretna | $245K | $229.6K | -6.3% |
Harvey | $225K | $210K | -6.7% |
Housing Supply in Harvey, LA
How many homes are available in Harvey, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 131 | +5.6% |
Summary: The Harvey real estate market had 131 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 52 | 58 | +11.5% |
4 Bedrooms | 49 | 48 | -2.0% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Harvey 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 remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Harvey in May 2024, down by 4.3% month-over-month. Of the 22 sold homes, 59% were sold under asking, 32% were sold at asking, and 9% were sold over asking.
Days on Market for Harvey, LA
How long does it take to sell a home in Harvey, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 46 Days | -9.5% |
Summary: Homes in Harvey had an average of 46 days on market in May 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Harvey; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.