Is Orleans County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orleans County was a Seller's Market.
Housing Prices in Orleans County, LA
How much do homes in Orleans County, LA cost?
Median Sold Price
$335,823
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orleans County was $335,823 in April 2024, down 2.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $240K | -7.7% |
2 Bedrooms | $329.9K | $334.2K | +1.3% |
3 Bedrooms | $325K | $315.4K | -2.9% |
4 Bedrooms | $381.6K | $355.4K | -6.9% |
5+ Bedrooms | $463.1K | $435K | -6.1% |
Summary: Orleans County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Counties
Saint Tammany County | $289.4K | $293.9K | +1.6% |
Saint Bernard County | $234.9K | $237.8K | +1.2% |
Plaquemines County | $361.5K | $362K | 0.2% |
Jefferson County | $259.9K | $257K | -1.1% |
Orleans County | $345K | $335.8K | -2.7% |
Housing Supply in Orleans County, LA
How many homes are available in Orleans County, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,610 | 2,953 | +13.1% |
Summary: The Orleans County real estate market had 2,953 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 166 | 193 | +16.3% |
2 Bedrooms | 433 | 484 | +11.8% |
3 Bedrooms | 860 | 1,006 | +17.0% |
4 Bedrooms | 635 | 705 | +11.0% |
5+ Bedrooms | 516 | 565 | +9.5% |
Summary: The Orleans County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
288 | 286 | -0.7% |
Asking Price vs. Sold Price
194 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 286 homes were sold or pending in Orleans County in April 2024, down by 0.7% month-over-month. Of the 286 sold homes, 68% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Orleans County, LA
How long does it take to sell a home in Orleans County, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 63 Days | +17.9% |
Summary: Homes in Orleans County had an average of 63 days on market in Apr 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
144 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
76 Homes Were Sold
Over 90 Days
Summary: During April 2024, 286 homes were sold in Orleans County; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.