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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Idlewood is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Idlewood, LA

How much do homes in Idlewood, LA cost?

Median Sold Price

$240,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$21,000(+9.6%)

Key Takeaway

Homes in Idlewood have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Idlewood was $240,000 in September 2024, up 9.6% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 -$139.9K
N/A
3 $218.5K$234.3K
+7.3%
4 $234.8K$310K
+32.0%
5+ $299.9K-
N/A

Summary: Idlewood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 32%, and 5+ bedroom homes did not change.

Housing Supply in Idlewood, LA

How many homes are available in Idlewood, LA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1716-5.9%

Summary: The Idlewood real estate market had 16 homes for sale in September 2024, a 5.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1212
0.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The Idlewood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Idlewood, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Idlewood in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Idlewood, LA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
60 Days3 Days-95.0%

Summary: Homes in Idlewood had an average of 3 days on market in Sep 2024, down by 95% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Idlewood; 50% of homes were sold within 30 days, 0% 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 Sep 1, 2024

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