$2,672 Closing Credit*
$225,000
1,030 SqFt
2 Beds
•2 Full Baths
Michele Marcombe, Listing Office: LATTER & BLUM (LATT18)
Is Orleans County, 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, 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
$330,097
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,424(-2.5%)
Key Takeaway
Homes in Orleans County have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Orleans County was $330,097 in October 2024, down 2.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253.3K | $240K | -5.3% |
| 2 Bedrooms | $329.9K | $329.2K | -0.2% |
| 3 Bedrooms | $320.3K | $299.2K | -6.6% |
| 4 Bedrooms | $353.3K | $364.5K | +3.2% |
| 5+ Bedrooms | $442.2K | $443.1K | 0.2% |
Summary: Orleans County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Counties
| Saint Tammany County | $289.5K | $295.7K | +2.2% |
| Saint Bernard County | $235K | $238K | +1.3% |
| Plaquemines County | $365K | $359.7K | -1.4% |
| Jefferson County | $258.6K | $254K | -1.8% |
| Orleans County | $338.5K | $330K | -2.5% |
Housing Supply in Orleans County, LA
How many homes are available in Orleans County, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,639 | 2,963 | +12.3% |
Summary: The Orleans County real estate market had 2,963 homes for sale in October 2024, a 12.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 169 | 186 | +10.1% |
| 2 Bedrooms | 424 | 480 | +13.2% |
| 3 Bedrooms | 878 | 968 | +10.3% |
| 4 Bedrooms | 631 | 737 | +16.8% |
| 5+ Bedrooms | 537 | 592 | +10.2% |
Summary: The Orleans County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 185 | -8.4% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
18 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. 73% of homes here sold below asking price last month.
Summary: A total of 185 homes were sold or pending in Orleans County in October 2024, down by 8.4% month-over-month. Of the 185 sold homes, 73% were sold under asking, 17% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 75 Days | +19.4% |
Summary: Homes in Orleans County had an average of 75 days on market in Oct 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
61 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Orleans County has remained consistent over time.
Summary: During October 2024, 185 homes were sold in Orleans County; 30% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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