$6,169 Closing Credit*
$519,500
1,975 SqFt
5 Beds
•2 Full Baths
Chris Smith, Listing Office: Keller Williams Realty New Orleans
Is City Park, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, City Park has remained a Buyer's Market.
Key Takeaway
City Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in City Park, LA
How much do homes in City Park, LA cost?
Median Sold Price
$870,000
$163/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$120,000(+16.0%)
Key Takeaway
Homes in City Park have sold for 16% more than they did a month ago.
Summary: The median home sold price in City Park was $870,000 in October 2024, up 16% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $750K | $870K | +16.0% |
Summary: City Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Neighborhoods
| Saint Bernard Area | $259K | $315K | +21.6% |
| City Park | $750K | $870K | +16.0% |
Housing Supply in City Park, LA
How many homes are available in City Park, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The City Park real estate market had 25 homes for sale in October 2024, a 38.9% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The City Park 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 increased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in City Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in City Park in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for City Park, LA
How long does it take to sell a home in City Park, LA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 9 Days | -30.8% |
Summary: Homes in City Park had an average of 9 days on market in Oct 2024, down by 30.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in City Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in City Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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