Is Harahan, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harahan is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Harahan was a Seller's Market.

Key Takeaway

Harahan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Harahan, LA

How much do homes in Harahan, LA cost?

Median Sold Price

$344,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,000(+14.7%)

Key Takeaway

Homes in Harahan have sold for 14.7% more than they did a year ago.

Summary: The median home sold price in Harahan was $344,000 in October 2024, up 14.7% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K-
N/A
2 $220K$225K
+2.3%
3 $286.2K$340K
+18.8%
4 $397.7K$395.2K
-0.6%
5+ $487.5K$562.5K
+15.4%

Summary: Harahan 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 increased by 2.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 15.4%.

Median Sold Price Compared To Nearby Cities

Harahan
+14.7%
Metairie
-2.1%

Housing Supply in Harahan, LA

How many homes are available in Harahan, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5654-3.6%

Summary: The Harahan real estate market had 54 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 2522
-12.0%
4 1013
+30.0%
5+ 1010
0.0%

Summary: The Harahan 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 18.2%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harahan, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Harahan in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Harahan, LA

How long does it take to sell a home in Harahan, LA?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days33 Days-37.5%

Summary: Homes in Harahan had an average of 33 days on market in Oct 2024, down by 37.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harahan are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Harahan; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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