$4,026 Closing Credit*
$339,000
1,715 SqFt
3 Beds
•2 Full Baths, 1 Partial
Joey Walker, Listing Office: REVE, REALTORS
Is Arabi, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Arabi was a Seller's Market.
Key Takeaway
Arabi is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arabi, LA
How much do homes in Arabi, LA cost?
Median Sold Price
$287,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,000(-9.5%)
Key Takeaway
Homes in Arabi have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Arabi was $287,000 in November 2024, down 9.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174.5K | $177.5K | +1.7% |
| 3 Bedrooms | $287.5K | $282.5K | -1.7% |
| 4 Bedrooms | $374.5K | $350K | -6.5% |
| 5+ Bedrooms | $384.5K | $464.4K | +20.8% |
Summary: Arabi housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Chalmette | $230K | $245K | +6.5% |
| New Orleans | $329.6K | $327.6K | -0.6% |
| Arabi | $317K | $287K | -9.5% |
Housing Supply in Arabi, LA
How many homes are available in Arabi, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Arabi real estate market had 42 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Arabi housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arabi, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Arabi in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Arabi, LA
How long does it take to sell a home in Arabi, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 85 Days | +5.4% |
Summary: Homes in Arabi had an average of 85 days on market in Nov 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arabi are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Arabi; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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