Is Ponchatoula, 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, Ponchatoula has remained a Seller's Market.
Key Takeaway
Ponchatoula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponchatoula, LA
How much do homes in Ponchatoula, LA cost?
Median Sold Price
$244,166
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ponchatoula have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Ponchatoula was $244,166 in May 2024, down 2.3% 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 | $100K | $206K | +106.0% |
| 2 Bedrooms | $149K | $138K | -7.4% |
| 3 Bedrooms | $229.5K | $225K | -2.0% |
| 4 Bedrooms | $291.1K | $293.3K | +0.8% |
| 5+ Bedrooms | $358.5K | $357K | -0.4% |
Summary: Ponchatoula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Hammond | $208.5K | $229.9K | +10.2% |
| Ponchatoula | $249.9K | $244.1K | -2.3% |
Housing Supply in Ponchatoula, LA
How many homes are available in Ponchatoula, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 181 | 192 | +6.1% |
Summary: The Ponchatoula real estate market had 192 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 92 | 97 | +5.4% |
| 4 Bedrooms | 73 | 74 | +1.4% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Ponchatoula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 42 | +31.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponchatoula, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in Ponchatoula in May 2024, up by 31.3% month-over-month. Of the 42 sold homes, 36% were sold under asking, 45% were sold at asking, and 19% were sold over asking.
Days on Market for Ponchatoula, LA
How long does it take to sell a home in Ponchatoula, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 51 Days | -2.7% |
Summary: Homes in Ponchatoula had an average of 51 days on market in May 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponchatoula are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Ponchatoula; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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