Marrero LA Home Prices
From 2012 to 2015, we saw Marrero LA home prices curve up. Then down. Then up, then down again. 2016 was a growth cycle for homeowners, with an annual average sold price of $139,696. That’s up from $128,191 in 2015, an almost 9% increase in average sale prices for the 70072 zip code.
Number of Marrero home sales increased in 2016
Tracking alongside the price gains, the number of Marrero homes sold went up last year as well. Compared to 447 in 2014, and 585 in 2015, there were 632 single family homes sold in Marrero in 2016. That’s an increase of 8.5% for my fellow math nerds.
Is Marrero a buyer’s market or seller’s market?
For the last 12 months running, there have been anywhere from 3-5 months of homes for sale in Marrero. That’s a strong seller market. Excellent news for homeowners, and a warning to home buyers who are considering going in with a low ball offer.
Homes are going under contract quickly, with the average days to sell down 21% in 2016.
What were the most popular Marrero neighborhoods in 2016?
Many West Bank REALTORS are sloppy with inputting neighborhood names to the MLS, so we had to use a map search to find that Bent Tree, Pelican Bay, and Acadiana were all very popular with homebuyers in 2016.
What do they all have in common? Each one has new construction activity, drawing in buyers who are looking for the newest updates and finishes and bypassing homes that need renovations and updates.