Current real estate activity in Marrero LA:
251 homes for sale in Marrero
- High list price $2,500,000
- Low list price $29,900
- Average list price $185,954
- Median list price $149,000
46 homes are under contract or pending sale, priced from $16,900 to $306,750
Based on the number of homes sold in October (34), there is a 7.38 month supply of homes for sale in the area
Marrero LA 70072 | Number of Homes Sold | October 2009
The number of homes sold in Marrero in October was 34, with a total 300 sold year to date. This is a decrease of 7.4% from the number of sales recorded at this same time last year.
The good news is that sales from month to month are holding steady at an average of 30 homes per month, so while the number of sales is down from years past, there does not seem to be a great deal of volatility in the market. Each neighborhood is performing differently, so find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
Marrero LA 70072 | Average Home Sale Price | October 2009
Home prices in Marrero have been up and down this year, with an average of $139,935, a decrease of over 10% from the 2008 average.
The bad news is that prices have continued to drop.
The good news is that unless you purchased your home in 2006-2008, you more than likely are at least at a break even point. More and more, we are hearing from sellers who purchased at the peak that want to sell their homes. Unfortunately, many of them owe more than they can get in today’s market. If this is your situation, our advice is to stay put. Real estate is cyclical and while we may be on a downswing right now, there is sure to be an upswing in the future.
All information is provided by GSREIN and is deemed reliable, but not guaranteed.
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For more information about buying or selling a home on the West Bank of New Orleans, please contact the West Bank Living Team. It would be our pleasure to assist you with any of your real estate needs.
