Is Saint Tammany County, 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, Saint Tammany County was a Seller's Market.
Key Takeaway
Saint Tammany County 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 Saint Tammany County, LA
How much do homes in Saint Tammany County, LA cost?
Median Sold Price
$293,472
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint Tammany County have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Saint Tammany County was $293,472 in May 2024, up 2.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $128K | +3.6% |
| 2 Bedrooms | $162.5K | $170.7K | +5.1% |
| 3 Bedrooms | $250K | $254.8K | +1.9% |
| 4 Bedrooms | $361.2K | $374K | +3.5% |
| 5+ Bedrooms | $532.1K | $604K | +13.5% |
Summary: Saint Tammany County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Counties
| Washington County | $155K | $160K | +3.2% |
| Saint Tammany County | $286.8K | $293.4K | +2.3% |
| Tangipahoa County | $232.2K | $230.5K | -0.7% |
Housing Supply in Saint Tammany County, LA
How many homes are available in Saint Tammany County, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,556 | 1,744 | +12.1% |
Summary: The Saint Tammany County real estate market had 1,744 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 25 | +38.9% |
| 2 Bedrooms | 105 | 122 | +16.2% |
| 3 Bedrooms | 620 | 686 | +10.6% |
| 4 Bedrooms | 635 | 709 | +11.7% |
| 5+ Bedrooms | 178 | 202 | +13.5% |
Summary: The Saint Tammany County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.9%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 258 | 267 | +3.5% |
Asking Price vs. Sold Price
170 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Tammany County, you may be able to get a good deal. 63.7% of homes here sold below asking price last month.
Summary: A total of 267 homes were sold or pending in Saint Tammany County in May 2024, up by 3.5% month-over-month. Of the 267 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for Saint Tammany County, LA
How long does it take to sell a home in Saint Tammany County, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 49 Days | +51.9% |
Summary: Homes in Saint Tammany County had an average of 49 days on market in May 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
155 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Tammany County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 267 homes were sold in Saint Tammany County; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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