Is Marrero, 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, Marrero was a Seller's Market.
Key Takeaway
Marrero 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 Marrero, LA
How much do homes in Marrero, LA cost?
Median Sold Price
$220,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marrero have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Marrero was $220,000 in May 2024, up 2.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $74.4K | -21.7% |
| 2 Bedrooms | $150K | $144K | -4.0% |
| 3 Bedrooms | $207.9K | $210.5K | +1.2% |
| 4 Bedrooms | $279.5K | $264K | -5.5% |
| 5+ Bedrooms | $350K | $380K | +8.6% |
Summary: Marrero housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Marrero | $215K | $220K | +2.3% |
| Belle Chasse | $375K | $368.5K | -1.7% |
| Westwego | $195.6K | $183.2K | -6.3% |
| Harvey | $225K | $210K | -6.7% |
Housing Supply in Marrero, LA
How many homes are available in Marrero, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 198 | 194 | -2.0% |
Summary: The Marrero real estate market had 194 homes for sale in May 2024, a 2.0% decrease 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 | 11 | 13 | +18.2% |
| 3 Bedrooms | 122 | 120 | -1.6% |
| 4 Bedrooms | 52 | 50 | -3.8% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Marrero 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 18.2%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 30 | -26.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marrero, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in Marrero in May 2024, down by 26.8% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% were sold over asking.
Days on Market for Marrero, LA
How long does it take to sell a home in Marrero, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 64 Days | +97.7% |
Summary: Homes in Marrero had an average of 64 days on market in May 2024, up by 97.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marrero are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Marrero; 43% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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