Is New Iberia, 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, New Iberia has remained a Seller's Market.
Key Takeaway
New Iberia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Iberia, LA
How much do homes in New Iberia, LA cost?
Median Sold Price
$178,750
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Iberia have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in New Iberia was $178,750 in May 2024, up 11.4% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $70K | -34.9% |
| 2 Bedrooms | $104K | $120K | +15.4% |
| 3 Bedrooms | $165K | $166.5K | +0.9% |
| 4 Bedrooms | $253K | $219.9K | -13.0% |
| 5+ Bedrooms | $255K | $285K | +11.8% |
Summary: New Iberia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in New Iberia, LA
How many homes are available in New Iberia, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 192 | 201 | +4.7% |
Summary: The New Iberia real estate market had 201 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 116 | 120 | +3.4% |
| 4 Bedrooms | 52 | 49 | -5.8% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The New Iberia 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 54.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 40 | +48.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Iberia, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in New Iberia in May 2024, up by 48.1% month-over-month. Of the 40 sold homes, 53% were sold under asking, 28% were sold at asking, and 20% were sold over asking.
Days on Market for New Iberia, LA
How long does it take to sell a home in New Iberia, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 68 Days | +24.2% |
Summary: Homes in New Iberia had an average of 68 days on market in May 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Iberia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in New Iberia; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited.