$3,313 Closing Credit*
$279,000
655 SqFt
1 Bed
•1 Full Bath
Philip Bergeron, Listing Office: RE/MAX N.O. Properties
Is Lower Garden District, 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, Lower Garden District was a Neutral Market.
Key Takeaway
Lower Garden District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Garden District, LA
How much do homes in Lower Garden District, LA cost?
Median Sold Price
$344,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,000(-7.0%)
Key Takeaway
Homes in Lower Garden District have sold for 7% less than they did a year ago.
Summary: The median home sold price in Lower Garden District was $344,000 in October 2024, down 7% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $245K | -3.5% |
| 2 Bedrooms | $385K | $365K | -5.2% |
| 3 Bedrooms | $600K | $510K | -15.0% |
| 4 Bedrooms | $817K | $1.0M | +29.9% |
| 5+ Bedrooms | $827.5K | $990K | +19.6% |
Summary: Lower Garden District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Irish Channel | $442.5K | $505K | +14.1% |
| Central City | $302.5K | $325K | +7.4% |
| Lower Garden District | $370K | $344K | -7.0% |
Housing Supply in Lower Garden District, LA
How many homes are available in Lower Garden District, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 111 | +15.6% |
Summary: The Lower Garden District real estate market had 111 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 37 | +2.8% |
| 2 Bedrooms | 28 | 33 | +17.9% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Lower Garden District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 2 | -83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Garden District, 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 Lower Garden District in October 2024, down by 83.3% 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 Lower Garden District, LA
How long does it take to sell a home in Lower Garden District, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 141 Days | 98 Days | -30.6% |
Summary: Homes in Lower Garden District had an average of 98 days on market in Oct 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower Garden District has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Lower Garden District; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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