$3,324 Closing Credit*
$279,900
2,105 SqFt
3 Beds
•2 Full Baths
Timothy Guillot, Listing Office: WayMaker Realty, LLC
Is Marrero, 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, Marrero has remained a Seller's Market.
Key Takeaway
Marrero is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marrero, LA
How much do homes in Marrero, LA cost?
Median Sold Price
$217,833
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,833(+1.3%)
Key Takeaway
Homes in Marrero have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Marrero was $217,833 in November 2024, up 1.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $75K | -6.3% |
| 2 Bedrooms | $143K | $150K | +4.9% |
| 3 Bedrooms | $210K | $206K | -1.9% |
| 4 Bedrooms | $273.9K | $250.6K | -8.5% |
| 5+ Bedrooms | $295K | $308.7K | +4.6% |
Summary: Marrero housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Marrero | $215K | $217.8K | +1.3% |
| Belle Chasse | $368K | $365.7K | -0.6% |
| Westwego | $189K | $182K | -3.7% |
| Harvey | $219K | $210K | -4.1% |
Housing Supply in Marrero, LA
How many homes are available in Marrero, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 184 | 174 | -5.4% |
Summary: The Marrero real estate market had 174 homes for sale in November 2024, a 5.4% 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 | 14 | 13 | -7.1% |
| 3 Bedrooms | 120 | 105 | -12.5% |
| 4 Bedrooms | 41 | 47 | +14.6% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Marrero 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 decreased by 7.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 32 | -22.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marrero, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Marrero in November 2024, down by 22.0% month-over-month. Of the 32 sold homes, 47% were sold under asking, 38% were sold at asking, and 16% were sold over asking.
Days on Market for Marrero, LA
How long does it take to sell a home in Marrero, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 68 Days | +82.6% |
Summary: Homes in Marrero had an average of 68 days on market in Nov 2024, up by 82.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marrero are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Marrero; 47% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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