$819 Closing Credit*
$69,000
2,318 SqFt
6 Beds
•3 Full Baths
Jermaine Clark, Listing Office: Homesmart Realty South
Is Plum Orchard, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Plum Orchard has remained a Buyer's Market.
Key Takeaway
Plum Orchard is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plum Orchard, LA
How much do homes in Plum Orchard, LA cost?
Median Sold Price
$130,000
$94/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$110,500(-45.9%)
Key Takeaway
Homes in Plum Orchard have sold for 45.9% less than they did a month ago.
Summary: The median home sold price in Plum Orchard was $130,000 in November 2024, down 45.9% from last month, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $130K | N/A |
| 3 Bedrooms | - | $70K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $240.5K | $205.9K | -14.4% |
Summary: Plum Orchard housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Plum Orchard | $240.5K | $130K | -45.9% |
| West Lake Forest | $265K | $124K | -53.2% |
Housing Supply in Plum Orchard, LA
How many homes are available in Plum Orchard, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Summary: The Plum Orchard real estate market had 25 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Plum Orchard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Plum Orchard, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Plum Orchard in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Plum Orchard, LA
How long does it take to sell a home in Plum Orchard, LA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 52 Days | +273.8% |
Summary: Homes in Plum Orchard had an average of 52 days on market in Nov 2024, up by 273.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Plum Orchard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Plum Orchard; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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