$653 Closing Credit*
$55,000
1,764 SqFt
3 Beds
•2 Full Baths
Brandon Breaux, Listing Office: Brandon E. Breaux Real Estate
Is Orleans County, 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, Orleans County was a Seller's Market.
Key Takeaway
Orleans County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orleans County, LA
How much do homes in Orleans County, LA cost?
Median Sold Price
$330,994
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,668(-2.0%)
Key Takeaway
Homes in Orleans County have sold for 2% less than they did a year ago.
Summary: The median home sold price in Orleans County was $330,994 in November 2024, down 2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250.4K | $240K | -4.2% |
| 2 Bedrooms | $331.7K | $329K | -0.8% |
| 3 Bedrooms | $318.6K | $298.8K | -6.2% |
| 4 Bedrooms | $356.5K | $362.6K | +1.7% |
| 5+ Bedrooms | $435K | $449.9K | +3.4% |
Summary: Orleans County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Saint Tammany County | $288.3K | $295.4K | +2.5% |
| Saint Bernard County | $236K | $238.5K | +1.1% |
| Jefferson County | $255.4K | $254.8K | -0.2% |
| Plaquemines County | $360.2K | $358.6K | -0.5% |
| Orleans County | $337.6K | $330.9K | -2.0% |
Housing Supply in Orleans County, LA
How many homes are available in Orleans County, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,726 | 2,884 | +5.8% |
Summary: The Orleans County real estate market had 2,884 homes for sale in November 2024, a 5.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 175 | 192 | +9.7% |
| 2 Bedrooms | 441 | 475 | +7.7% |
| 3 Bedrooms | 888 | 920 | +3.6% |
| 4 Bedrooms | 686 | 726 | +5.8% |
| 5+ Bedrooms | 536 | 571 | +6.5% |
Summary: The Orleans County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 204 | 208 | +2.0% |
Asking Price vs. Sold Price
140 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orleans County, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.
Summary: A total of 208 homes were sold or pending in Orleans County in November 2024, up by 2.0% month-over-month. Of the 208 sold homes, 67% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Orleans County, LA
How long does it take to sell a home in Orleans County, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 76 Days | 79 Days | +3.0% |
Summary: Homes in Orleans County had an average of 79 days on market in Nov 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
71 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orleans County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 208 homes were sold in Orleans County; 36% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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