$3,266 Closing Credit*
$275,000
1,694 SqFt
3 Beds
•2 Full Baths
Bryan Cryer, Listing Office: LPT Realty, LLC.
Is Hammond, 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, Hammond was a Seller's Market.
Key Takeaway
Hammond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hammond, LA
How much do homes in Hammond, LA cost?
Median Sold Price
$225,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,312(+2.0%)
Key Takeaway
Homes in Hammond have sold for 2% more than they did a year ago.
Summary: The median home sold price in Hammond was $225,000 in November 2024, up 2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $186K | +126.8% |
| 2 Bedrooms | $143K | $133.5K | -6.6% |
| 3 Bedrooms | $213K | $221.9K | +4.2% |
| 4 Bedrooms | $283.6K | $285.4K | +0.6% |
| 5+ Bedrooms | $300.5K | $389K | +29.5% |
Summary: Hammond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.8%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Ponchatoula | $241.7K | $250K | +3.4% |
| Hammond | $220.6K | $225K | +2.0% |
Housing Supply in Hammond, LA
How many homes are available in Hammond, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 213 | 211 | -0.9% |
Summary: The Hammond real estate market had 211 homes for sale in November 2024, a 0.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 112 | 112 | 0.0% |
| 4 Bedrooms | 64 | 65 | +1.6% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Hammond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 26 | -23.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammond, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Hammond in November 2024, down by 23.5% month-over-month. Of the 26 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 86 Days | +63.5% |
Summary: Homes in Hammond had an average of 86 days on market in Nov 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hammond are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 26 homes were sold in Hammond; 35% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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