$8,000
0.12 Acres
Land
Christopher David, Listing Office: Century 21 Elite
Is Cedar Grove, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cedar Grove has remained a Seller's Market.
Key Takeaway
Cedar Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Grove, LA
How much do homes in Cedar Grove, LA cost?
Median Sold Price
$55,500
$44/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,750(+21.3%)
Key Takeaway
Homes in Cedar Grove have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Cedar Grove was $55,500 in November 2024, up 21.3% from last year, and the median price per square foot was $44.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49K | $60.2K | +23.0% |
| 2 Bedrooms | $39K | $27.6K | -29.1% |
| 3 Bedrooms | $42.5K | $48K | +12.9% |
| 4 Bedrooms | $280K | $205K | -26.8% |
| 5+ Bedrooms | - | $35K | N/A |
Summary: Cedar Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes decreased by 29.1%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Cedar Grove | $45.7K | $55.5K | +21.3% |
| Spring Lake | $310K | $366.2K | +18.1% |
| South Highland | $270K | $275K | +1.9% |
| Pierremont | $392K | $328.5K | -16.2% |
Housing Supply in Cedar Grove, LA
How many homes are available in Cedar Grove, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Cedar Grove real estate market had 21 homes for sale in November 2024, a 10.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cedar Grove in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Grove, LA
We’re sorry, we don't have information for this market at the moment
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