Is Destrehan, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Destrehan is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Destrehan was a Seller's Market.

Key Takeaway

Destrehan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Destrehan, LA

How much do homes in Destrehan, LA cost?

Median Sold Price

$304,575

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,575(+1.5%)

Key Takeaway

Homes in Destrehan have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Destrehan was $304,575 in October 2024, up 1.5% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $164.9K$140K
-15.1%
3 $293.5K$269K
-8.3%
4 $365K$384.5K
+5.3%
5+ $407.5K$422.4K
+3.7%

Summary: Destrehan 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 decreased by 15.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Norco
+17.6%
Saint Rose
+11.4%
Kenner
+1.9%
Destrehan
+1.5%

Housing Supply in Destrehan, LA

How many homes are available in Destrehan, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3941+5.1%

Summary: The Destrehan real estate market had 41 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 1611
-31.3%
4 1618
+12.5%
5+ 14
+300.0%

Summary: The Destrehan 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 40%, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Destrehan, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Destrehan in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Destrehan, LA

How long does it take to sell a home in Destrehan, LA?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days60 Days+26.4%

Summary: Homes in Destrehan had an average of 60 days on market in Oct 2024, up by 26.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Destrehan are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Destrehan; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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