$31,500
0.14 Acres
Land
James Dunn, Listing Office: Barden Realty, LLC
Is Meraux, 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, Meraux was a Seller's Market.
Key Takeaway
Meraux is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Meraux, LA
How much do homes in Meraux, LA cost?
Median Sold Price
$230,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$27,750(-10.8%)
Key Takeaway
Homes in Meraux have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Meraux was $230,000 in October 2024, down 10.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $150K | -11.8% |
| 3 Bedrooms | $245K | $227.5K | -7.1% |
| 4 Bedrooms | $295K | $289K | -2.0% |
| 5+ Bedrooms | $347.5K | $399K | +14.8% |
Summary: Meraux 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 decreased by 11.8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in Meraux, LA
How many homes are available in Meraux, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Summary: The Meraux real estate market had 29 homes for sale in October 2024, a 14.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 23 | 18 | -21.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Meraux 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 decreased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
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 Meraux, 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 Meraux in October 2024, down by 71.4% 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 Meraux, LA
How long does it take to sell a home in Meraux, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 83 Days | 19 Days | -76.7% |
Summary: Homes in Meraux had an average of 19 days on market in Oct 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
2 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 Meraux are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Meraux; 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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