$3,551 Closing Credit*
$299,000
1,770 SqFt
2 Beds
•1 Full Bath, 1 Partial
Marian Arnoult-Jackson, Listing Office: LATTER & BLUM (LATT30)
Is Gentilly Terrace, 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, Gentilly Terrace was a Seller's Market.
Key Takeaway
Gentilly Terrace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gentilly Terrace, LA
How much do homes in Gentilly Terrace, LA cost?
Median Sold Price
$241,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,102(-3.6%)
Key Takeaway
Homes in Gentilly Terrace have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Gentilly Terrace was $241,000 in October 2024, down 3.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $195K | -25.0% |
| 2 Bedrooms | $198K | $199K | 0.5% |
| 3 Bedrooms | $262.5K | $265K | +0.9% |
| 4 Bedrooms | $269K | $287K | +6.7% |
| 5+ Bedrooms | $220K | $402K | +82.7% |
Summary: Gentilly Terrace housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 82.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Gentilly | $265K | $280K | +5.7% |
| Gentilly Terrace | $250.1K | $241K | -3.6% |
| Saint Roch | $251K | $220K | -12.4% |
| Milneburg | $286.5K | $238K | -16.9% |
Housing Supply in Gentilly Terrace, LA
How many homes are available in Gentilly Terrace, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Summary: The Gentilly Terrace real estate market had 66 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Gentilly Terrace 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gentilly Terrace, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gentilly Terrace in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Gentilly Terrace, LA
How long does it take to sell a home in Gentilly Terrace, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 63 Days | -4.2% |
Summary: Homes in Gentilly Terrace had an average of 63 days on market in Oct 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gentilly Terrace are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Gentilly Terrace; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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