$10,000 Closing Credit*
$850,000
1,312 SqFt
1 Bed
•2 Full Baths, 1 Partial
Ronna Beecher, Listing Office: Pinnacle Realty Advisors
Is South Lakeshore, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South Lakeshore was a Seller's Market.
Key Takeaway
South Lakeshore 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 South Lakeshore, LA
How much do homes in South Lakeshore, LA cost?
Median Sold Price
$221,475
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,525(-2.9%)
Key Takeaway
Homes in South Lakeshore have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in South Lakeshore was $221,475 in November 2024, down 2.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $244.2K | $113.9K | -53.3% |
| 3 Bedrooms | $227.7K | $202.5K | -11.1% |
| 4 Bedrooms | $424K | $318K | -25.0% |
| 5+ Bedrooms | $440K | $140K | -68.2% |
Summary: South Lakeshore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 68.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Queensborough | $40K | $39K | -2.5% |
| South Lakeshore | $228K | $221.4K | -2.9% |
| Country Club | $45K | $42.5K | -5.4% |
| Lakeside | $46K | $30.9K | -32.6% |
Housing Supply in South Lakeshore, LA
How many homes are available in South Lakeshore, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The South Lakeshore real estate market had 33 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Lakeshore 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 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Lakeshore, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in South Lakeshore in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for South Lakeshore, LA
We’re sorry, we don't have information for this market at the moment
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