Is Lafitte, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lafitte was a Seller's Market.
Key Takeaway
Lafitte 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 Lafitte, LA
How much do homes in Lafitte, LA cost?
Median Sold Price
$246,460
$144/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lafitte have sold for 6.5% more than they did a month ago.
Summary: The median home sold price in Lafitte was $246,460 in May 2024, up 6.5% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $231.3K | $239.5K | +3.6% |
| 4 Bedrooms | $158.7K | $246.5K | +55.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lafitte housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 55.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lafitte | $231.3K | $246.4K | +6.5% |
| Jean Lafitte | $234.6K | $246.4K | +5.0% |
Housing Supply in Lafitte, LA
How many homes are available in Lafitte, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The Lafitte real estate market had 33 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lafitte housing inventory by bedroom type for May 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 decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lafitte, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Lafitte in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lafitte, LA
How long does it take to sell a home in Lafitte, LA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 29 Days | +46.9% |
Summary: Homes in Lafitte had an average of 29 days on market in May 2024, up by 46.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lafitte are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Lafitte; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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