Is Pontchartrain Park, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pontchartrain Park is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Pontchartrain Park was a Neutral Market.

Key Takeaway

Pontchartrain Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pontchartrain Park, LA

How much do homes in Pontchartrain Park, LA cost?

Median Sold Price

$200,087

$115/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$5,912(-2.9%)

Key Takeaway

Homes in Pontchartrain Park have sold for 2.9% less than they did a month ago.

Summary: The median home sold price in Pontchartrain Park was $200,087 in November 2024, down 2.9% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$63.7K
N/A
3 $204K$264K
+29.4%
4 $206K$240.5K
+16.8%
5+ $265K-
N/A

Summary: Pontchartrain Park 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 increased by 29.4%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes did not change.

Housing Supply in Pontchartrain Park, LA

How many homes are available in Pontchartrain Park, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1918-5.3%

Summary: The Pontchartrain Park real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 99
0.0%
4 87
-12.5%
5+ 10
-100.0%

Summary: The Pontchartrain Park 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pontchartrain Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Pontchartrain Park in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Pontchartrain Park, LA

How long does it take to sell a home in Pontchartrain Park, LA?

Average Sale Time

Oct 2024Nov 2024CHANGE
84 Days117 Days+39.1%

Summary: Homes in Pontchartrain Park had an average of 117 days on market in Nov 2024, up by 39.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pontchartrain Park has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Pontchartrain Park; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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