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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kaplan is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Kaplan, LA

How much do homes in Kaplan, LA cost?

Median Sold Price

$95,500

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,500(-5.4%)

Key Takeaway

Homes in Kaplan have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Kaplan was $95,500 in October 2024, down 5.4% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$38K
N/A
2 $74.5K$75K
+0.7%
3 $90K$102K
+13.3%
4 $179.9K$199.9K
+11.1%
5+ $215K$169K
-21.4%

Summary: Kaplan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 21.4%.

Housing Supply in Kaplan, LA

How many homes are available in Kaplan, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2523-8.0%

Summary: The Kaplan real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 1413
-7.1%
4 55
0.0%
5+ 11
0.0%

Summary: The Kaplan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kaplan, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kaplan in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Kaplan, LA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days114 Days+138.2%

Summary: Homes in Kaplan had an average of 114 days on market in Oct 2024, up by 138.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Kaplan; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 20 Days Ago

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