$10,000 Closing Credit*
$845,000
2,153 SqFt
3 Beds
•2 Full Baths, 1 Partial
Caroline Mang, Listing Office: LATTER & BLUM (LATT18)
Is Marigny, 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, Marigny was a Neutral 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
$360,250
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,250(-7.0%)
Key Takeaway
Homes in Marigny have sold for 7% less than they did a year ago.
Summary: The median home sold price in Marigny was $360,250 in October 2024, down 7% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $335K | +41.1% |
| 2 Bedrooms | $494K | $428.7K | -13.2% |
| 3 Bedrooms | $510K | $480K | -5.9% |
| 4 Bedrooms | $550K | $312.5K | -43.2% |
| 5+ Bedrooms | $265K | $300K | +13.2% |
Summary: Marigny housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 43.2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Seventh Ward | $252K | $239.5K | -5.0% |
| Marigny | $387.5K | $360.2K | -7.0% |
| Saint Roch | $251K | $220K | -12.4% |
| Treme | $395K | $296K | -25.1% |
Housing Supply in Marigny, LA
How many homes are available in Marigny, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 58 | +26.1% |
Summary: The Marigny real estate market had 58 homes for sale in October 2024, a 26.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Marigny housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marigny, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Marigny in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 15 Days | -79.5% |
Summary: Homes in Marigny had an average of 15 days on market in Oct 2024, down by 79.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marigny are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Marigny; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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