$10,000 Closing Credit*
$999,995
3,729 SqFt
5 Beds
•4 Full Baths, 2 Partial
Helene Barnett, Listing Office: Keller Williams Realty New Orleans
Is Marigny, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Marigny was a Seller's Market.
Key Takeaway
Marigny is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marigny, LA
How much do homes in Marigny, LA cost?
Median Sold Price
$375,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+5.0%)
Key Takeaway
Homes in Marigny have sold for 5% more than they did a year ago.
Summary: The median home sold price in Marigny was $375,000 in November 2024, up 5% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $375K | +57.9% |
| 2 Bedrooms | $457K | $482.5K | +5.6% |
| 3 Bedrooms | $542.5K | $480K | -11.5% |
| 4 Bedrooms | $442.2K | $357.5K | -19.2% |
| 5+ Bedrooms | $270K | $330.7K | +22.5% |
Summary: Marigny housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Marigny | $357K | $375K | +5.0% |
| Seventh Ward | $248.7K | $240K | -3.5% |
| Saint Roch | $255.5K | $213.5K | -16.4% |
| Treme | $396.5K | $293K | -26.1% |
Housing Supply in Marigny, LA
How many homes are available in Marigny, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The Marigny real estate market had 56 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Marigny housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
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 Marigny, 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 Marigny in November 2024, down by 33.3% 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 Marigny, LA
How long does it take to sell a home in Marigny, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 133 Days | +153.5% |
Summary: Homes in Marigny had an average of 133 days on market in Nov 2024, up by 153.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marigny are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Marigny; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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