$523 Closing Credit*
$44,000
680 SqFt
3 Beds
•1 Full Bath
Belinda Sanchez, Listing Office: Pinnacle Realty Advisors
Is Werner Park, 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, Werner Park was a Seller's Market.
Key Takeaway
Werner Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Werner Park, LA
How much do homes in Werner Park, LA cost?
Median Sold Price
$22,500
$17/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,000(-32.8%)
Key Takeaway
Homes in Werner Park have sold for 32.8% less than they did a year ago.
Summary: The median home sold price in Werner Park was $22,500 in October 2024, down 32.8% from last year, and the median price per square foot was $17.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $30.2K | $15.7K | -47.9% |
| 3 Bedrooms | $40K | $23.5K | -41.3% |
| 4 Bedrooms | $42K | $24.7K | -41.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Werner Park 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 47.9%, 3 bedroom homes decreased by 41.3%, 4 bedroom homes decreased by 41.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Sunset Acres | $54K | $44K | -18.5% |
| Caddo Heights | $32.5K | $26.5K | -18.5% |
| Werner Park | $33.5K | $22.5K | -32.8% |
Housing Supply in Werner Park, LA
How many homes are available in Werner Park, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Werner Park real estate market had 29 homes for sale in October 2024, a 3.6% 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 | 16 | 16 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Werner Park 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Werner Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Werner Park in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Werner Park, LA
We’re sorry, we don't have information for this market at the moment
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