$10,000 Closing Credit*
$1,450,000
3,097 SqFt
6 Beds
•4 Full Baths, 1 Partial
Bryan Francher, Listing Office: LATTER & BLUM (LATT28)
Is French Quarter, 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, French Quarter was a Seller's Market.
Key Takeaway
French Quarter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in French Quarter, LA
How much do homes in French Quarter, LA cost?
Median Sold Price
$409,000
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$36,000(-8.1%)
Key Takeaway
Homes in French Quarter have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in French Quarter was $409,000 in November 2024, down 8.1% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $267K | -16.6% |
| 2 Bedrooms | $495K | $441K | -10.9% |
| 3 Bedrooms | $1.3M | $713.7K | -48.5% |
| 4 Bedrooms | $457.5K | $584K | +27.7% |
| 5+ Bedrooms | $847.5K | $596K | -29.7% |
Summary: French Quarter housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 48.5%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Marigny | $357K | $375K | +5.0% |
| French Quarter | $445K | $409K | -8.1% |
| Central Business District | $477K | $369.5K | -22.5% |
| Treme | $396.5K | $293K | -26.1% |
Housing Supply in French Quarter, LA
How many homes are available in French Quarter, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 146 | +12.3% |
Summary: The French Quarter real estate market had 146 homes for sale in November 2024, a 12.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 43 | +16.2% |
| 2 Bedrooms | 31 | 37 | +19.4% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The French Quarter housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 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 French Quarter, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in French Quarter in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for French Quarter, LA
How long does it take to sell a home in French Quarter, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 126 Days | 117 Days | -7.3% |
Summary: Homes in French Quarter had an average of 117 days on market in Nov 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in French Quarter are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in French Quarter; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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