Is Saint Martin County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Saint Martin County was a Seller's Market.
Housing Prices in Saint Martin County, LA
How much do homes in Saint Martin County, LA cost?
Median Sold Price
$210,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Martin County was $210,000 in May 2024, down 3.2% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $159.9K | -5.9% |
2 Bedrooms | $140K | $130K | -7.1% |
3 Bedrooms | $210K | $203K | -3.3% |
4 Bedrooms | $299K | $270K | -9.7% |
5+ Bedrooms | $375K | $330K | -12.0% |
Summary: Saint Martin County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Counties
Iberia County | $158.6K | $173.5K | +9.4% |
Saint Landry County | $167K | $168K | +0.6% |
Saint Martin County | $217K | $210K | -3.2% |
Lafayette County | $249.9K | $240.9K | -3.6% |
Housing Supply in Saint Martin County, LA
How many homes are available in Saint Martin County, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 105 | +1.0% |
Summary: The Saint Martin County real estate market had 105 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 53 | 56 | +5.7% |
4 Bedrooms | 33 | 31 | -6.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Saint Martin County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 13 | -38.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Saint Martin County in May 2024, down by 38.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Saint Martin County, LA
How long does it take to sell a home in Saint Martin County, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 42 Days | +1.8% |
Summary: Homes in Saint Martin County had an average of 42 days on market in May 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Saint Martin County; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.