$2,136 Closing Credit*
$179,900
1,220 SqFt
3 Beds
•2 Full Baths
William Dekemel, Listing Office: NextHome Innovative 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 October 2023
At the same time last year, Pearl River was a Buyer's Market.
Key Takeaway
Pearl River is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pearl River, LA
How much do homes in Pearl River, LA cost?
Median Sold Price
$255,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,000(-5.2%)
Key Takeaway
Homes in Pearl River have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Pearl River was $255,000 in October 2024, down 5.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $28K | N/A |
| 2 Bedrooms | $150K | $125K | -16.7% |
| 3 Bedrooms | $188K | $237.8K | +26.5% |
| 4 Bedrooms | $330K | $322.5K | -2.3% |
| 5+ Bedrooms | $448K | $457K | +2.0% |
Summary: Pearl River 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 16.7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 2.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Summary: The Pearl River real estate market had 45 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pearl River housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Pearl River in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 59 Days | +18.3% |
Summary: Homes in Pearl River had an average of 59 days on market in Oct 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pearl River has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Pearl River; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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