$2,363 Closing Credit*
$199,000
2,600 SqFt
5 Beds
•2 Full Baths
Vasha Chevalier, Listing Office: KELLER WILLIAMS REALTY 504-207-2007
Is Village De L'Est, 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, Village De L'Est was a Neutral Market.
Key Takeaway
Village De L'Est is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Village De L'Est, LA
How much do homes in Village De L'Est, LA cost?
Median Sold Price
$148,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-7.5%)
Key Takeaway
Homes in Village De L'Est have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Village De L'Est was $148,000 in November 2024, down 7.5% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $92.5K | - | N/A |
| 3 Bedrooms | $165K | $150K | -9.1% |
| 4 Bedrooms | $130K | $139.5K | +7.3% |
| 5+ Bedrooms | $202K | $106.2K | -47.4% |
Summary: Village De L'Est 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 did not change, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 47.4%.
Median Sold Price Compared To Nearby Neighborhoods
| New Orleans East Area | $189.1K | $183K | -3.2% |
| Village De L'Est | $160K | $148K | -7.5% |
| Lake Catherine | $310K | $275K | -11.3% |
Housing Supply in Village De L'Est, LA
How many homes are available in Village De L'Est, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Village De L'Est real estate market had 31 homes for sale in November 2024, a 10.7% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Village De L'Est 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 increased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Village De L'Est, 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 Village De L'Est in November 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Village De L'Est, LA
How long does it take to sell a home in Village De L'Est, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 99 Days | +197.5% |
Summary: Homes in Village De L'Est had an average of 99 days on market in Nov 2024, up by 197.5% 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 Village De L'Est are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Village De L'Est; 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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