$4,334 Closing Credit*
$365,000
1,212 SqFt
2 Beds
•2 Full Baths
Adrienne Frierson, Listing Office: Coldwell Banker Apex, REALTORS
Is Wallace Lake, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wallace Lake was a Neutral Market.
Key Takeaway
Wallace Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wallace Lake, LA
How much do homes in Wallace Lake, LA cost?
Median Sold Price
$477,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$102,500(+27.3%)
Key Takeaway
Homes in Wallace Lake have sold for 27.3% more than they did a year ago.
Summary: The median home sold price in Wallace Lake was $477,500 in October 2024, up 27.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $346.6K | $339.2K | -2.1% |
| 3 Bedrooms | $348.5K | $396.5K | +13.8% |
| 4 Bedrooms | $385K | $510K | +32.5% |
| 5+ Bedrooms | $725K | $922.5K | +27.2% |
Summary: Wallace Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 27.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Wallace Lake | $375K | $477.5K | +27.3% |
| Robson Plantation | $501.2K | $585K | +16.7% |
| Huckleberry Ridge | $397.4K | $376.2K | -5.3% |
Housing Supply in Wallace Lake, LA
How many homes are available in Wallace Lake, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 64 | +6.7% |
Summary: The Wallace Lake real estate market had 64 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Wallace Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wallace Lake, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Wallace Lake in October 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Wallace Lake, LA
We’re sorry, we don't have information for this market at the moment
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