Is Luling, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Luling is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Luling was a Seller's Market.

Key Takeaway

Luling is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Luling, LA

How much do homes in Luling, LA cost?

Median Sold Price

$277,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,050(+1.1%)

Key Takeaway

Homes in Luling have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Luling was $277,000 in October 2024, up 1.1% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $70K$180K
+157.1%
3 $244K$250K
+2.5%
4 $365K$391.5K
+7.3%
5+ $337K$429.5K
+27.4%

Summary: Luling housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 157.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 27.4%.

Median Sold Price Compared To Nearby Cities

Saint Rose
+11.4%
Luling
+1.1%
Boutte
-4.7%

Housing Supply in Luling, LA

How many homes are available in Luling, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6576+16.9%

Summary: The Luling real estate market had 76 homes for sale in October 2024, a 16.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 3440
+17.6%
4 2127
+28.6%
5+ 75
-28.6%

Summary: The Luling housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Luling, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Luling in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.

Days on Market for Luling, LA

How long does it take to sell a home in Luling, LA?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days28 Days-44.0%

Summary: Homes in Luling had an average of 28 days on market in Oct 2024, down by 44% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Luling are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Luling; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Luling, LA

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