$4,334 Closing Credit*
$365,000
2,060 SqFt
4 Beds
•2 Full Baths
Lovelle Blitch, Listing Office: RE/MAX Northlake Associates
Is Mandeville, 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, Mandeville was a Seller's Market.
Key Takeaway
Mandeville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mandeville, LA
How much do homes in Mandeville, LA cost?
Median Sold Price
$354,677
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,011(+5.0%)
Key Takeaway
Homes in Mandeville have sold for 5% more than they did a year ago.
Summary: The median home sold price in Mandeville was $354,677 in October 2024, up 5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.2K | $300K | 0.3% |
| 2 Bedrooms | $193.5K | $186.7K | -3.5% |
| 3 Bedrooms | $279K | $275K | -1.4% |
| 4 Bedrooms | $437K | $420K | -3.9% |
| 5+ Bedrooms | $627.5K | $650K | +3.6% |
Summary: Mandeville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Mandeville, LA
How many homes are available in Mandeville, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 310 | 326 | +5.2% |
Summary: The Mandeville real estate market had 326 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 122 | 127 | +4.1% |
| 4 Bedrooms | 103 | 113 | +9.7% |
| 5+ Bedrooms | 48 | 49 | +2.1% |
Summary: The Mandeville 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 remained the same, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mandeville, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Mandeville in October 2024, up by 6.4% month-over-month. Of the 50 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for Mandeville, LA
How long does it take to sell a home in Mandeville, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 46 Days | -15.4% |
Summary: Homes in Mandeville had an average of 46 days on market in Oct 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mandeville has remained consistent over time.
Summary: During October 2024, 50 homes were sold in Mandeville; 40% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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