$742 Closing Credit*
$62,500
1,794 SqFt
3 Beds
•2 Full Baths
Bianca Martin, Listing Office: Martin Realty Group
Is Fairgrounds, 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, Fairgrounds was a Seller's Market.
Key Takeaway
Fairgrounds is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fairgrounds, LA
How much do homes in Fairgrounds, LA cost?
Median Sold Price
$307,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$68,375(-18.2%)
Key Takeaway
Homes in Fairgrounds have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Fairgrounds was $307,000 in November 2024, down 18.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $360K | $274.5K | -23.8% |
| 3 Bedrooms | $432.5K | $380K | -12.1% |
| 4 Bedrooms | $375.3K | $370K | -1.4% |
| 5+ Bedrooms | $450K | $345K | -23.3% |
Summary: Fairgrounds 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 decreased by 23.8%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Neighborhoods
| City Park | $415K | $450K | +8.4% |
| Seventh Ward | $248.7K | $240K | -3.5% |
| Saint Roch | $255.5K | $213.5K | -16.4% |
| Fairgrounds | $375.3K | $307K | -18.2% |
Housing Supply in Fairgrounds, LA
How many homes are available in Fairgrounds, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Fairgrounds real estate market had 33 homes for sale in November 2024, a 10.8% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fairgrounds 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 decreased by 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairgrounds, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fairgrounds in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fairgrounds, LA
How long does it take to sell a home in Fairgrounds, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 68 Days | +88.9% |
Summary: Homes in Fairgrounds had an average of 68 days on market in Nov 2024, up by 88.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fairgrounds has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Fairgrounds; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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