Is La Salle, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Salle is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, La Salle has remained a Neutral Market.

Key Takeaway

La Salle 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 La Salle, MI

How much do homes in La Salle, MI cost?

Median Sold Price

$263,500

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,000(+16.9%)

Key Takeaway

Homes in La Salle have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in La Salle was $263,500 in November 2024, up 16.9% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112K-
N/A
2 $162.6K$200K
+23.0%
3 $205K$243.7K
+18.9%
4 $273.5K$419.9K
+53.5%
5+ $300K$2.4M
+730.8%

Summary: La Salle 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 increased by 23%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes increased by 730.8%.

Median Sold Price Compared To Nearby Cities

La Salle Township
+21.4%
La Salle
+16.9%
Luna Pier
+7.7%
Monroe Charter Township
+2.5%
Erie
+1.3%

Housing Supply in La Salle, MI

How many homes are available in La Salle, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The La Salle real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 129
-25.0%
4 00
0.0%
5+ 22
0.0%

Summary: The La Salle 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Salle, 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 La Salle in November 2024, down by 33.3% month-over-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 La Salle, MI

How long does it take to sell a home in La Salle, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days103 Days+590.0%

Summary: Homes in La Salle had an average of 103 days on market in Nov 2024, up by 590% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in La Salle has remained consistent over time.

Summary: During November 2024, 2 homes were sold in La Salle; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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