$5,569 Closing Credit*
$469,000
4,125 SqFt
6 Beds
•4 Full Baths, 1 Partial
Bart Gillis, Listing Office: Keller Williams Realty Services
Is Ponchatoula, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ponchatoula has remained a Seller's Market.
Key Takeaway
Ponchatoula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponchatoula, LA
How much do homes in Ponchatoula, LA cost?
Median Sold Price
$250,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,198(+3.0%)
Key Takeaway
Homes in Ponchatoula have sold for 3% more than they did a year ago.
Summary: The median home sold price in Ponchatoula was $250,000 in October 2024, up 3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77K | N/A |
| 2 Bedrooms | $142K | $160K | +12.7% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $292K | $308.7K | +5.7% |
| 5+ Bedrooms | $400K | $350.2K | -12.4% |
Summary: Ponchatoula 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 increased by 12.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Hammond | $219.2K | $227K | +3.5% |
| Ponchatoula | $242.8K | $250K | +3.0% |
Housing Supply in Ponchatoula, LA
How many homes are available in Ponchatoula, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 175 | 179 | +2.3% |
Summary: The Ponchatoula real estate market had 179 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 78 | 89 | +14.1% |
| 4 Bedrooms | 70 | 64 | -8.6% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Ponchatoula housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponchatoula, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Ponchatoula in October 2024, up by 13.3% month-over-month. Of the 34 sold homes, 44% were sold under asking, 44% were sold at asking, and 12% were sold over asking.
Days on Market for Ponchatoula, LA
How long does it take to sell a home in Ponchatoula, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 66 Days | +71.8% |
Summary: Homes in Ponchatoula had an average of 66 days on market in Oct 2024, up by 71.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ponchatoula has remained consistent over time.
Summary: During October 2024, 34 homes were sold in Ponchatoula; 32% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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.