$4,988 Closing Credit*
$420,000
3,200 SqFt
8 Beds
•5 Full Baths
Angele Smith-Vonderpool, Listing Office: Exquisite Realty Group, LLC
Is Treme, 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, Treme has remained a Buyer's 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
$296,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$99,000(-25.1%)
Key Takeaway
Homes in Treme have sold for 25.1% less than they did a year ago.
Summary: The median home sold price in Treme was $296,000 in October 2024, down 25.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382K | $239K | -37.4% |
| 2 Bedrooms | $325K | $232.3K | -28.5% |
| 3 Bedrooms | $441.5K | $332.5K | -24.7% |
| 4 Bedrooms | $437.2K | $335K | -23.4% |
| 5+ Bedrooms | $550K | $831.2K | +51.1% |
Summary: Treme housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.4%, 2 bedroom homes decreased by 28.5%, 3 bedroom homes decreased by 24.7%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes increased by 51.1%.
Median Sold Price Compared To Nearby Neighborhoods
| French Quarter | $400K | $431K | +7.8% |
| Seventh Ward | $252K | $239.5K | -5.0% |
| Marigny | $387.5K | $360.2K | -7.0% |
| Treme | $395K | $296K | -25.1% |
Housing Supply in Treme, LA
How many homes are available in Treme, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 72 | +20.0% |
Summary: The Treme real estate market had 72 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Treme housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in Treme in October 2024, the same as the previous month. Of the 2 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 106 Days | 6 Days | -93.9% |
Summary: Homes in Treme had an average of 6 days on market in Oct 2024, down by 93.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Treme are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Treme; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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