$2,375 Closing Credit*
$199,999
2,800 SqFt
3 Beds
•2 Full Baths
Tristan Smith, Listing Office: Pinnacle Realty Advisors
Is Summer Grove, 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, Summer Grove was a Seller's Market.
Key Takeaway
Summer Grove 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 Summer Grove, LA
How much do homes in Summer Grove, LA cost?
Median Sold Price
$176,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+6.7%)
Key Takeaway
Homes in Summer Grove have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Summer Grove was $176,000 in November 2024, up 6.7% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $119.2K | -27.7% |
| 3 Bedrooms | $160K | $177K | +10.6% |
| 4 Bedrooms | $199K | $190K | -4.5% |
| 5+ Bedrooms | $267.4K | - | N/A |
Summary: Summer Grove 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 27.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Summer Grove | $165K | $176K | +6.7% |
| Idlewood | $227.7K | $240K | +5.4% |
| Southern Hills | $199.9K | $197.7K | -1.1% |
| Keith Road | $420K | $357.6K | -14.8% |
Housing Supply in Summer Grove, LA
How many homes are available in Summer Grove, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Summer Grove real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summer Grove 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Summer Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Summer Grove in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Summer Grove, LA
We’re sorry, we don't have information for this market at the moment
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