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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jennings is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Jennings was a Neutral Market.

Key Takeaway

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

Housing Prices in Jennings, LA

How much do homes in Jennings, LA cost?

Median Sold Price

$217,500

$88/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$55,500(+34.3%)

Key Takeaway

Homes in Jennings have sold for 34.3% more than they did a month ago.

Summary: The median home sold price in Jennings was $217,500 in November 2024, up 34.3% from last month, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $115.5K$130K
+12.5%
4 $175K$305K
+74.3%
5+ --
N/A

Summary: Jennings housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 74.3%, and 5+ bedroom homes did not change.

Housing Supply in Jennings, LA

How many homes are available in Jennings, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2320-13.0%

Summary: The Jennings real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1110
-9.1%
4 64
-33.3%
5+ 11
0.0%

Summary: The Jennings 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jennings, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Jennings in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Jennings, LA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
96 Days248 Days+158.2%

Summary: Homes in Jennings had an average of 248 days on market in Nov 2024, up by 158.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Jennings are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Jennings; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

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