Is Iberia County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Iberia County has remained a Seller's Market.
Housing Prices in Iberia County, LA
How much do homes in Iberia County, LA cost?
Median Sold Price
$173,533
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Iberia County was $173,533 in May 2024, up 9.4% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107.5K | $70K | -34.9% |
2 Bedrooms | $103K | $120K | +16.5% |
3 Bedrooms | $162.5K | $164.5K | +1.2% |
4 Bedrooms | $260.5K | $219.9K | -15.5% |
5+ Bedrooms | $250K | $220K | -12.0% |
Summary: Iberia County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Counties
Iberia County | $158.6K | $173.5K | +9.4% |
Saint Martin County | $217K | $210K | -3.2% |
Lafayette County | $249.9K | $240.9K | -3.6% |
Housing Supply in Iberia County, LA
How many homes are available in Iberia County, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
232 | 243 | +4.7% |
Summary: The Iberia County real estate market had 243 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 133 | 140 | +5.3% |
4 Bedrooms | 64 | 62 | -3.1% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Iberia County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 47 | +46.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Iberia County in May 2024, up by 46.9% month-over-month. Of the 47 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for Iberia County, LA
How long does it take to sell a home in Iberia County, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 66 Days | +26.6% |
Summary: Homes in Iberia County had an average of 66 days on market in May 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Iberia County; 51% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.