$5,807 Closing Credit*
$489,000
1,694 SqFt
4 Beds
•4 Full Baths
Elizabeth Morrison, Listing Office: Coastal Realty and Appraisals of River Ridge LLC
Is Seventh Ward, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Seventh Ward has remained a Buyer's Market.
Key Takeaway
Seventh Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Seventh Ward, LA
How much do homes in Seventh Ward, LA cost?
Median Sold Price
$240,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,700(-3.5%)
Key Takeaway
Homes in Seventh Ward have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Seventh Ward was $240,000 in November 2024, down 3.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.7K | $155K | -50.8% |
| 2 Bedrooms | $232.5K | $219K | -5.8% |
| 3 Bedrooms | $280.5K | $226.7K | -19.2% |
| 4 Bedrooms | $225K | $292K | +29.8% |
| 5+ Bedrooms | $322K | $360K | +11.8% |
Summary: Seventh Ward housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.8%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Marigny | $357K | $375K | +5.0% |
| Seventh Ward | $248.7K | $240K | -3.5% |
| Saint Roch | $255.5K | $213.5K | -16.4% |
| Fairgrounds | $375.3K | $307K | -18.2% |
Housing Supply in Seventh Ward, LA
How many homes are available in Seventh Ward, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 89 | +4.7% |
Summary: The Seventh Ward real estate market had 89 homes for sale in November 2024, a 4.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Seventh Ward housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
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 Seventh Ward, 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 Seventh Ward in November 2024, down by 25.0% 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 Seventh Ward, LA
How long does it take to sell a home in Seventh Ward, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 114 Days | +54.5% |
Summary: Homes in Seventh Ward had an average of 114 days on market in Nov 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Seventh Ward are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Seventh Ward; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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