Harvey LA Home Prices 2016

Harvey Louisiana Home Prices

Good news for homeowners in Harvey, as average home prices went up to $138,586 in 2016. That’s an increase of 6.7% over 2015 prices. While price increases on the East Bank are slowing or flattening out, Harvey’s market is still showing improvement.

January – June 2016 average sale price $135,415

July – December 2016 average sale price $140,701

Harvey Louisiana Home Prices

High 2016 sale: 3300 Abbotswood Drive  $549,000

Low 2016 sale: 3717 Red Cedar Lane $32,000

Number of Harvey LA Homes Sold

Prices may have been up, but the number of sales was almost flat – ending 2016 at 390 units sold vs. 379 sold in 2015. What’s encouraging is that sales volume has increased each of the last 5 years. Provided interest rates don’t rise by much, we expect to see the same trend in 2017.

Harvey LA home sales by number

More about Harvey LA Real Estate

The time it’s taking to sell a Harvey home also dropped in 2016. At year end, the average days to sell stood at 60 days, compared to 72 in 2015.

The average home sold in 2016 has 3 bedrooms, 2 baths, and 1,884 square feet of living area.

Average days to sell a Harvey LA home

Buyers Market or Sellers Market?

Even though inventory climbed in the 4th quarter of 2015, it’s still a sellers market in Harvey. On average, in 2016, there was a 4 month supply of homes for sale in Harvey.

The 3 most popular neighborhoods in 2016 were Woodmere, Woodland West, and Stonebridge.
 


 
 

Harvey LA Homes for Sale Today

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