$2,672 Closing Credit*
$225,000
1,287 SqFt
3 Beds
•2 Full Baths
Dale Dixon, Listing Office: Century 21 Investment Realty
Is Lacombe, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lacombe has remained a Neutral Market.
Key Takeaway
Lacombe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lacombe, LA
How much do homes in Lacombe, LA cost?
Median Sold Price
$250,905
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,105(+12.6%)
Key Takeaway
Homes in Lacombe have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Lacombe was $250,905 in October 2024, up 12.6% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $154K | +136.9% |
| 2 Bedrooms | $100K | $160K | +60.0% |
| 3 Bedrooms | $215.4K | $241.4K | +12.1% |
| 4 Bedrooms | $342.5K | $299.6K | -12.5% |
| 5+ Bedrooms | $745K | $374.9K | -49.7% |
Summary: Lacombe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.9%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 49.7%.
Median Sold Price Compared To Nearby Cities
| Lacombe | $222.8K | $250.9K | +12.6% |
| New Orleans | $329.5K | $325.3K | -1.3% |
Housing Supply in Lacombe, LA
How many homes are available in Lacombe, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 61 | -4.7% |
Summary: The Lacombe real estate market had 61 homes for sale in October 2024, a 4.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lacombe 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 decreased by 14.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lacombe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lacombe in October 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lacombe, LA
How long does it take to sell a home in Lacombe, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -15.0% |
Summary: Homes in Lacombe had an average of 30 days on market in Oct 2024, down by 15% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lacombe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Lacombe; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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