$4,631 Closing Credit*
$390,000
1,590 SqFt
3 Beds
•2 Full Baths
Brittany Picolo, Listing Office: Keller Williams Realty New Orleans
Is Treme, 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, Treme was a Neutral Market.
Key Takeaway
Treme is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Treme, LA
How much do homes in Treme, LA cost?
Median Sold Price
$293,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$103,500(-26.1%)
Key Takeaway
Homes in Treme have sold for 26.1% less than they did a year ago.
Summary: The median home sold price in Treme was $293,000 in November 2024, down 26.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $398K | $229.5K | -42.3% |
| 2 Bedrooms | $255K | $232.3K | -8.9% |
| 3 Bedrooms | $411.5K | $332.5K | -19.2% |
| 4 Bedrooms | $395K | $317K | -19.7% |
| 5+ Bedrooms | $605K | $747.5K | +23.6% |
Summary: Treme housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.3%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Marigny | $357K | $375K | +5.0% |
| Seventh Ward | $248.7K | $240K | -3.5% |
| French Quarter | $445K | $409K | -8.1% |
| Treme | $396.5K | $293K | -26.1% |
Housing Supply in Treme, LA
How many homes are available in Treme, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 67 | +1.5% |
Summary: The Treme real estate market had 67 homes for sale in November 2024, a 1.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Treme 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 6.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 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 Treme, 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 Treme in November 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 Treme, LA
How long does it take to sell a home in Treme, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 46 Days | -45.2% |
Summary: Homes in Treme had an average of 46 days on market in Nov 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Treme are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Treme; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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