$5,878 Closing Credit*
$495,000
2,694 SqFt
4 Beds
•3 Full Baths
Faith Pinkley-Payne, Listing Office: Century 21 Elite
Is Wallace Lake, 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, Wallace Lake was a Seller's Market.
Key Takeaway
Wallace Lake 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 Wallace Lake, LA
How much do homes in Wallace Lake, LA cost?
Median Sold Price
$475,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$89,250(+23.1%)
Key Takeaway
Homes in Wallace Lake have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Wallace Lake was $475,000 in November 2024, up 23.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $346.6K | $338.5K | -2.3% |
| 3 Bedrooms | $351K | $387K | +10.3% |
| 4 Bedrooms | $421.1K | $510K | +21.1% |
| 5+ Bedrooms | $732.5K | $895K | +22.2% |
Summary: Wallace Lake 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 decreased by 2.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Wallace Lake | $385.7K | $475K | +23.1% |
| Huckleberry Ridge | $387.5K | $381K | -1.7% |
| Boggy Bayou | $215K | $197.5K | -8.1% |
Housing Supply in Wallace Lake, LA
How many homes are available in Wallace Lake, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 64 | 0.0% |
Summary: The Wallace Lake real estate market had 64 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 32 | 32 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Wallace Lake 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 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. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wallace Lake in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% 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
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.