$65,000
0.14 Acres
Land
Lesli Fumar, Listing Office: United Real Estate Partners
Is Arabi, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$281,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,500(-12.6%)
Key Takeaway
Homes in Arabi have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Arabi was $281,000 in October 2024, down 12.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169K | $177.5K | +5.0% |
| 3 Bedrooms | $294.5K | $275K | -6.6% |
| 4 Bedrooms | $391.2K | $337.5K | -13.7% |
| 5+ Bedrooms | $384.5K | $379.9K | -1.2% |
Summary: Arabi housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Chalmette | $230K | $244.3K | +6.2% |
| New Orleans | $329.5K | $325.3K | -1.3% |
| Arabi | $321.5K | $281K | -12.6% |
Housing Supply in Arabi, LA
How many homes are available in Arabi, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The Arabi real estate market had 51 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Arabi housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arabi, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Arabi in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 117 Days | 70 Days | -40.6% |
Summary: Homes in Arabi had an average of 70 days on market in Oct 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 5 homes were sold in Arabi; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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