$5,439 Closing Credit*
$458,000
2,857 SqFt
4 Beds
•3 Full Baths
April Brown, Listing Office: Hospitality Realty
Is Pearl River, 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, Pearl River has remained a Seller's Market.
Key Takeaway
Pearl River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pearl River, LA
How much do homes in Pearl River, LA cost?
Median Sold Price
$256,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,750(-5.1%)
Key Takeaway
Homes in Pearl River have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Pearl River was $256,250 in November 2024, down 5.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $148.2K | $126.3K | -14.8% |
| 3 Bedrooms | $210K | $232K | +10.5% |
| 4 Bedrooms | $330K | $307.5K | -6.8% |
| 5+ Bedrooms | $448K | $457K | +2.0% |
Summary: Pearl River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 2%.
Housing Supply in Pearl River, LA
How many homes are available in Pearl River, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Pearl River real estate market had 45 homes for sale in November 2024, a 9.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Pearl River housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pearl River, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Pearl River in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Pearl River, LA
How long does it take to sell a home in Pearl River, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 24 Days | -45.9% |
Summary: Homes in Pearl River had an average of 24 days on market in Nov 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pearl River are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Pearl River; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.