$3,266 Closing Credit*
$275,000
2,101 SqFt
3 Beds
•2 Full Baths, 1 Partial
April Brown, Listing Office: Hospitality Realty
Is Harvey, 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, Harvey was a Seller's Market.
Key Takeaway
Harvey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Harvey, LA
How much do homes in Harvey, LA cost?
Median Sold Price
$210,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,000(-4.1%)
Key Takeaway
Homes in Harvey have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Harvey was $210,000 in November 2024, down 4.1% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $96K | +53.6% |
| 2 Bedrooms | $100K | $140.5K | +40.5% |
| 3 Bedrooms | $219K | $208.7K | -4.7% |
| 4 Bedrooms | $250K | $240K | -4.0% |
| 5+ Bedrooms | $280K | $380K | +35.7% |
Summary: Harvey housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 40.5%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 35.7%.
Median Sold Price Compared To Nearby Cities
| Marrero | $215K | $217.8K | +1.3% |
| Gretna | $235K | $235K | 0.0% |
| Belle Chasse | $368K | $365.7K | -0.6% |
| New Orleans | $329.6K | $327.6K | -0.6% |
| Harvey | $219K | $210K | -4.1% |
Housing Supply in Harvey, LA
How many homes are available in Harvey, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 108 | 101 | -6.5% |
Summary: The Harvey real estate market had 101 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 57 | 50 | -12.3% |
| 4 Bedrooms | 28 | 32 | +14.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Harvey housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Harvey, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Harvey in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Harvey, LA
How long does it take to sell a home in Harvey, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 75 Days | +51.9% |
Summary: Homes in Harvey had an average of 75 days on market in Nov 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harvey are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Harvey; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.