$4,453 Closing Credit*
$375,000
2,866 SqFt
4 Beds
•3 Full Baths
Conrad Abadie, Listing Office: Berkshire Hathaway HomeServices Preferred, REALTOR
Is Lake Catherine, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lake Catherine was a Seller's Market.
Key Takeaway
Lake Catherine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Catherine, LA
How much do homes in Lake Catherine, LA cost?
Median Sold Price
$275,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,000(-11.3%)
Key Takeaway
Homes in Lake Catherine have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in Lake Catherine was $275,000 in November 2024, down 11.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $225K | $240K | +6.7% |
| 3 Bedrooms | $301.5K | $345K | +14.4% |
| 4 Bedrooms | $347K | $315K | -9.2% |
| 5+ Bedrooms | $275K | - | N/A |
Summary: Lake Catherine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| New Orleans East Area | $189.1K | $183K | -3.2% |
| Village De L'Est | $160K | $148K | -7.5% |
| Lake Catherine | $310K | $275K | -11.3% |
Housing Supply in Lake Catherine, LA
How many homes are available in Lake Catherine, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Lake Catherine real estate market had 22 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Catherine 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 increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Catherine, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lake Catherine in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Catherine, LA
How long does it take to sell a home in Lake Catherine, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 146 Days | +167.9% |
Summary: Homes in Lake Catherine had an average of 146 days on market in Nov 2024, up by 167.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Lake Catherine are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Lake Catherine; 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.
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