$1,781 Closing Credit*
$150,000
2,175 SqFt
5 Beds
•2 Full Baths
Allen Thompson, Listing Office: Keaty Real Estate 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 October 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
$239,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,500(-5.0%)
Key Takeaway
Homes in Seventh Ward have sold for 5% less than they did a year ago.
Summary: The median home sold price in Seventh Ward was $239,500 in October 2024, down 5% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.7K | $105K | -66.6% |
| 2 Bedrooms | $225K | $219K | -2.7% |
| 3 Bedrooms | $280.5K | $213.5K | -23.9% |
| 4 Bedrooms | $230K | $265.5K | +15.4% |
| 5+ Bedrooms | $329.7K | $360K | +9.2% |
Summary: Seventh Ward housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Seventh Ward | $252K | $239.5K | -5.0% |
| Marigny | $387.5K | $360.2K | -7.0% |
| Saint Roch | $251K | $220K | -12.4% |
| Fairgrounds | $387.7K | $299K | -22.9% |
Housing Supply in Seventh Ward, LA
How many homes are available in Seventh Ward, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 88 | +29.4% |
Summary: The Seventh Ward real estate market had 88 homes for sale in October 2024, a 29.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Seventh Ward housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seventh Ward, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Seventh Ward in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 128 Days | 108 Days | -16.0% |
Summary: Homes in Seventh Ward had an average of 108 days on market in Oct 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 3 homes were sold in Seventh Ward; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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