$2,908 Closing Credit*
$244,900
2,022 SqFt
4 Beds
•2 Full Baths
Pamela Necaise, Listing Office: LEONE GNO REALTY LLC
Is La Place, 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, La Place was a Seller's Market.
Key Takeaway
La Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in La Place, LA
How much do homes in La Place, LA cost?
Median Sold Price
$198,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$500(-0.3%)
Key Takeaway
The sold price of homes in La Place has remained the same since last year.
Summary: The median home sold price in La Place was $198,500 in October 2024, down 0.3% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $129.5K | -4.1% |
| 3 Bedrooms | $190K | $189K | -0.5% |
| 4 Bedrooms | $225K | $232.4K | +3.3% |
| 5+ Bedrooms | $314.5K | $365K | +16.1% |
Summary: La Place 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 decreased by 4.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Norco | $202K | $237.5K | +17.6% |
| Destrehan | $299.9K | $304.5K | +1.5% |
| La Place | $199K | $198.5K | -0.3% |
| Reserve | $143.5K | $107K | -25.4% |
Housing Supply in La Place, LA
How many homes are available in La Place, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 130 | +1.6% |
Summary: The La Place real estate market had 130 homes for sale in October 2024, a 1.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 74 | 77 | +4.1% |
| 4 Bedrooms | 45 | 45 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The La Place housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Place, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in La Place in October 2024, down by 40.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for La Place, LA
How long does it take to sell a home in La Place, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 81 Days | +6.1% |
Summary: Homes in La Place had an average of 81 days on market in Oct 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Place are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in La Place; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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