Is Tangipahoa County, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tangipahoa County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Tangipahoa County was a Seller's Market.

Key Takeaway

Tangipahoa County 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 Tangipahoa County, LA

How much do homes in Tangipahoa County, LA cost?

Median Sold Price

$233,945

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,442(+1.9%)

Key Takeaway

Homes in Tangipahoa County have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Tangipahoa County was $233,945 in October 2024, up 1.9% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$145.9K
+16.8%
2 $141K$155K
+9.9%
3 $219K$222.5K
+1.6%
4 $284.8K$294.9K
+3.5%
5+ $381K$360K
-5.5%

Summary: Tangipahoa County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Counties

Washington County
+6.5%
Saint Tammany County
+2.2%
Tangipahoa County
+1.9%

Housing Supply in Tangipahoa County, LA

How many homes are available in Tangipahoa County, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
483513+6.2%

Summary: The Tangipahoa County real estate market had 513 homes for sale in October 2024, a 6.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 4443
-2.3%
3 242259
+7.0%
4 162169
+4.3%
5+ 3139
+25.8%

Summary: The Tangipahoa County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 25.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6977+11.6%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tangipahoa County, you may be able to get a good deal. 50.6% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in Tangipahoa County in October 2024, up by 11.6% month-over-month. Of the 77 sold homes, 51% were sold under asking, 36% were sold at asking, and 13% were sold over asking.

Days on Market for Tangipahoa County, LA

How long does it take to sell a home in Tangipahoa County, LA?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days58 Days+43.9%

Summary: Homes in Tangipahoa County had an average of 58 days on market in Oct 2024, up by 43.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tangipahoa County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 77 homes were sold in Tangipahoa County; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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