Is Ponchatoula, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ponchatoula has remained a Seller's Market.
Key Takeaway
Ponchatoula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponchatoula, LA
How much do homes in Ponchatoula, LA cost?
Median Sold Price
$242,139
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ponchatoula have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Ponchatoula was $242,139 in April 2024, down 3.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $206K | +64.8% |
| 2 Bedrooms | $134K | $147K | +9.7% |
| 3 Bedrooms | $229.9K | $225K | -2.2% |
| 4 Bedrooms | $291.4K | $293K | 0.5% |
| 5+ Bedrooms | $349.9K | $346.4K | -1.0% |
Summary: Ponchatoula housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.8%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Hammond | $210K | $228K | +8.6% |
| Ponchatoula | $249.9K | $242.1K | -3.1% |
Housing Supply in Ponchatoula, LA
How many homes are available in Ponchatoula, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 163 | 175 | +7.4% |
Summary: The Ponchatoula real estate market had 175 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 78 | 86 | +10.3% |
| 4 Bedrooms | 70 | 70 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Ponchatoula housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponchatoula, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Ponchatoula in April 2024, up by 20.0% month-over-month. Of the 30 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Ponchatoula, LA
How long does it take to sell a home in Ponchatoula, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 56 Days | +22.1% |
Summary: Homes in Ponchatoula had an average of 56 days on market in Apr 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponchatoula are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Ponchatoula; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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