$29,900
0.77 Acres
Land
Jan Smith, Listing Office: Century 21 Elite
Is South Lakeshore, 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, South Lakeshore has remained a Buyer's Market.
Key Takeaway
South Lakeshore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Lakeshore, LA
How much do homes in South Lakeshore, LA cost?
Median Sold Price
$217,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,000(-7.3%)
Key Takeaway
Homes in South Lakeshore have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in South Lakeshore was $217,000 in October 2024, down 7.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $244.2K | $74.9K | -69.3% |
| 3 Bedrooms | $231K | $185K | -19.9% |
| 4 Bedrooms | $424K | $318K | -25.0% |
| 5+ Bedrooms | $440K | $140K | -68.2% |
Summary: South Lakeshore 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 69.3%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 68.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Country Club | $45K | $55K | +22.2% |
| Queensborough | $39.9K | $40K | 0.3% |
| South Lakeshore | $234K | $217K | -7.3% |
Housing Supply in South Lakeshore, LA
How many homes are available in South Lakeshore, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The South Lakeshore real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 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 October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Lakeshore, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South Lakeshore in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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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