$3,135 Closing Credit*
$264,000
1,678 SqFt
3 Beds
•2 Full Baths
Rachel Silvers, Listing Office: Galiano Realty
Is Lower Ninth Ward, 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 Ninth Ward has remained a Buyer's Market.
Key Takeaway
Lower Ninth Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower Ninth Ward, LA
How much do homes in Lower Ninth Ward, LA cost?
Median Sold Price
$171,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,000(-2.3%)
Key Takeaway
Homes in Lower Ninth Ward have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Lower Ninth Ward was $171,000 in November 2024, down 2.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $120.5K | $206K | +71.0% |
| 3 Bedrooms | $159K | $125K | -21.4% |
| 4 Bedrooms | $172.5K | $220K | +27.5% |
| 5+ Bedrooms | $266K | $324K | +21.8% |
Summary: Lower Ninth Ward 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 71%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lower Ninth Ward | $175K | $171K | -2.3% |
| New Orleans East Area | $189.1K | $183K | -3.2% |
Housing Supply in Lower Ninth Ward, LA
How many homes are available in Lower Ninth Ward, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 55 | -9.8% |
Summary: The Lower Ninth Ward real estate market had 55 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Lower Ninth Ward housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
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 Lower Ninth Ward, 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 Lower Ninth Ward in November 2024, down by 87.5% 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 Lower Ninth Ward, LA
How long does it take to sell a home in Lower Ninth Ward, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -2.9% |
Summary: Homes in Lower Ninth Ward had an average of 34 days on market in Nov 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower Ninth Ward has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Lower Ninth Ward; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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