Is Violet, 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, Violet was a Seller's Market.
Key Takeaway
Violet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Violet, LA
How much do homes in Violet, LA cost?
Median Sold Price
$188,100
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Violet has remained the same since last year.
Summary: The median home sold price in Violet was $188,100 in May 2024, up 0.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $119K | N/A |
| 2 Bedrooms | $165K | $167K | +1.2% |
| 3 Bedrooms | $180K | $200K | +11.1% |
| 4 Bedrooms | $255K | $217.5K | -14.7% |
| 5+ Bedrooms | $470K | $160K | -66.0% |
Summary: Violet housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 66%.
Median Sold Price Compared To Nearby Cities
| Violet | $187.5K | $188.1K | 0.3% |
| Saint Bernard | $170K | $157.5K | -7.4% |
| Meraux | $268.1K | $227.5K | -15.2% |
Housing Supply in Violet, LA
How many homes are available in Violet, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Violet real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Violet housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Violet, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Violet in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Violet, LA
How long does it take to sell a home in Violet, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 44 Days | +12.4% |
Summary: Homes in Violet had an average of 44 days on market in May 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Violet has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Violet; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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