$10,000 Closing Credit*
$925,000
3,197 SqFt
4 Beds
•3 Full Baths, 2 Partial
Eric Milton, Listing Office: Homesmart Realty South
Is Irish Channel, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Irish Channel was a Seller's Market.
Key Takeaway
Irish Channel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Irish Channel, LA
How much do homes in Irish Channel, LA cost?
Median Sold Price
$505,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+14.1%)
Key Takeaway
Homes in Irish Channel have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Irish Channel was $505,000 in October 2024, up 14.1% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $299.9K | +10.3% |
| 2 Bedrooms | $405K | $396.2K | -2.2% |
| 3 Bedrooms | $550K | $600K | +9.1% |
| 4 Bedrooms | $509K | $655K | +28.7% |
| 5+ Bedrooms | $452.5K | $1.4M | +220.2% |
Summary: Irish Channel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes increased by 220.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Irish Channel | $442.5K | $505K | +14.1% |
| East Riverside | $525K | $545K | +3.8% |
| Lower Garden District | $370K | $344K | -7.0% |
Housing Supply in Irish Channel, LA
How many homes are available in Irish Channel, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Summary: The Irish Channel real estate market had 32 homes for sale in October 2024, a 39.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Irish Channel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Irish Channel, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Irish Channel in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Irish Channel, LA
How long does it take to sell a home in Irish Channel, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 22 Days | -60.9% |
Summary: Homes in Irish Channel had an average of 22 days on market in Oct 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Irish Channel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Irish Channel; 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.
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