$8,016 Closing Credit*
$675,000
2,410 SqFt
4 Beds
•3 Full Baths
Tracey Moore, Listing Office: REVE, REALTORS
Is Fairgrounds, 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, 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
$299,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$88,750(-22.9%)
Key Takeaway
Homes in Fairgrounds have sold for 22.9% less than they did a year ago.
Summary: The median home sold price in Fairgrounds was $299,000 in October 2024, down 22.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $360K | $267K | -25.8% |
| 3 Bedrooms | $425K | $380K | -10.6% |
| 4 Bedrooms | $385.5K | $375K | -2.7% |
| 5+ Bedrooms | $563K | $275K | -51.2% |
Summary: Fairgrounds 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 25.8%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 51.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Seventh Ward | $252K | $239.5K | -5.0% |
| Saint Roch | $251K | $220K | -12.4% |
| Fairgrounds | $387.7K | $299K | -22.9% |
Housing Supply in Fairgrounds, LA
How many homes are available in Fairgrounds, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Fairgrounds real estate market had 42 homes for sale in October 2024, a 7.7% 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Fairgrounds 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 11.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fairgrounds in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 78 Days | 139 Days | +79.1% |
Summary: Homes in Fairgrounds had an average of 139 days on market in Oct 2024, up by 79.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fairgrounds are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Fairgrounds; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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