Current real estate activity in Marrero LA:
207 homes for sale
- High list price $1,600,000
- Low list price $29,500
- Average list price $178,199
- Median list price $149,000
Based on the number of homes sold in April (37), there is a 5.59 month supply of homes for sale in Marrero – one of the few balanced real estate markets on the West Bank of New Orleans
Marrero LA – Number of Homes Sold – April 2009
Marrero ended April with 37 homes sold, continuing the drift upward we’ve seen for the last couple of months, and bringing the year to date total to 128, compared to 135 at the same time in 2008.
What types of homes are selling in Marrero?
- 3 two bedroom homes
- 25 three bedroom homes
- 6 four bedroom homes
- 2 five bedroom homes
- Homes in POOR, FAIR and AVERAGE condition are generally selling for less than $50 per square foot
Marrero LA – Average Home Sale Prices – April 2009
The April average home sale in Marrero was $133,110, bringing the year to date average to $137,008, down about 12% from the 2008 average. As prices in Marrero come down, the gap between homes for sale and those being sold each month is narrowing.
Who is buying in Marrero?
- 7 conventional borrowers paid an average of $189,285 for a home
- 7 cash buyers paid an average of $75,442 for a home (this low average indicates investor activity)
- 19 FHA borrowers paid an average of $135,200 for a home
- The balance of homes sold in April consisted of 1 VA loan ($123,660) and 1 Other ($178,534)
Marrero home sellers should be prepared for requests of assistance with closing costs from today’s buyers. In April, 13 sellers (35%) paid an average of $4,643 in closing cost assistance to the purchasers.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Related links:
- Marrero homes for sale
- West Bank Homes for Sale
- More Marrero Real Estate Market Updates
- Find out what’s going on in your West Bank neighborhood with a free online market analysis
Are you considering buying or selling a home in Marrero LA? The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
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