Is Scott, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Scott was a Seller's Market.

Key Takeaway

Scott 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 Scott, LA

How much do homes in Scott, LA cost?

Median Sold Price

$225,000

$133/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in Scott has remained the same since last year.

Summary: The median home sold price in Scott was $225,000 in October 2024, the same as last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$155K
N/A
2 $150K$132K
-12.0%
3 $229.6K$230K
0.2%
4 $421.9K$247.5K
-41.3%
5+ $615.1K$350.5K
-43.0%

Summary: Scott 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 12%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 41.3%, and 5+ bedroom homes decreased by 43%.

Median Sold Price Compared To Nearby Cities

Scott
0.0%
Lafayette
-2.4%

Housing Supply in Scott, LA

How many homes are available in Scott, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4655+19.6%

Summary: The Scott real estate market had 55 homes for sale in October 2024, a 19.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 2734
+25.9%
4 812
+50.0%
5+ 11
0.0%

Summary: The Scott housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Scott in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.

Days on Market for Scott, LA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days19 Days-40.9%

Summary: Homes in Scott had an average of 19 days on market in Oct 2024, down by 40.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scott are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Scott; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Scott, LA

Nearby Markets to Scott, LA