$1,401 Closing Credit*
$118,000
890 SqFt
2 Beds
•1 Full Bath
Megan Stevens, Listing Office: Downtown Realty
Is Hammond, 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, Hammond was a Seller's Market.
Key Takeaway
Hammond is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hammond, LA
How much do homes in Hammond, LA cost?
Median Sold Price
$227,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,724(+3.5%)
Key Takeaway
Homes in Hammond have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Hammond was $227,000 in October 2024, up 3.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $186K | +126.8% |
| 2 Bedrooms | $143K | $137K | -4.2% |
| 3 Bedrooms | $210.3K | $223K | +6.0% |
| 4 Bedrooms | $280K | $287.6K | +2.7% |
| 5+ Bedrooms | $300.5K | $399.5K | +32.9% |
Summary: Hammond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.8%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Cities
| Hammond | $219.2K | $227K | +3.5% |
| Ponchatoula | $242.8K | $250K | +3.0% |
Housing Supply in Hammond, LA
How many homes are available in Hammond, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 206 | 224 | +8.7% |
Summary: The Hammond real estate market had 224 homes for sale in October 2024, a 8.7% 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 | 15 | 16 | +6.7% |
| 3 Bedrooms | 114 | 119 | +4.4% |
| 4 Bedrooms | 59 | 66 | +11.9% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Hammond 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 6.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammond, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Hammond in October 2024, up by 10.0% month-over-month. Of the 33 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% were sold over asking.
Days on Market for Hammond, LA
How long does it take to sell a home in Hammond, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 56 Days | +32.5% |
Summary: Homes in Hammond had an average of 56 days on market in Oct 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hammond are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Hammond; 48% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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