$5,094 Closing Credit*
$429,000
760 SqFt
1 Bed
•1 Full Bath
Judith Oudt, Listing Office: LATTER & BLUM (LATT07)
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 November 2023
Since last year, Lower Garden District has remained a Buyer's 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
$338,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,500(-8.3%)
Key Takeaway
Homes in Lower Garden District have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Lower Garden District was $338,000 in November 2024, down 8.3% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $249K | -2.0% |
| 2 Bedrooms | $388.7K | $365K | -6.1% |
| 3 Bedrooms | $670K | $485K | -27.6% |
| 4 Bedrooms | $817K | $872.5K | +6.8% |
| 5+ Bedrooms | $677.5K | $1.0M | +53.1% |
Summary: Lower Garden District housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 53.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Irish Channel | $444.2K | $575K | +29.4% |
| Central City | $306.5K | $325K | +6.0% |
| Lower Garden District | $368.5K | $338K | -8.3% |
| Central Business District | $477K | $369.5K | -22.5% |
Housing Supply in Lower Garden District, LA
How many homes are available in Lower Garden District, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 114 | +8.6% |
Summary: The Lower Garden District real estate market had 114 homes for sale in November 2024, a 8.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 42 | +16.7% |
| 2 Bedrooms | 32 | 33 | +3.1% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Lower Garden District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Garden District, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lower Garden District in November 2024, up by 350.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 29 Days | -46.3% |
Summary: Homes in Lower Garden District had an average of 29 days on market in Nov 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
6 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 Lower Garden District are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Lower Garden District; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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