Real estate activity in Terrytown LA 70056
- 161 single family homes are for sale, priced from $44,900 to $1,500,000
- 40 homes are under contract, priced from $18,900 to $649,500
- In September, 21 homes sold at prices ranging from $49,500 to $335,500. The average September sale was a 4 bedroom, 2 bath home with 1981 square feet of living are that sold for $143,967.
Homes sold in Terrytown LA
Year to date, there have been 151 single family homes sold in the 70056 zip code. This is a decrease from the 181 sold at the same time last year.
Foreclosures and short sales are up slightly from last year, but have not shown the dramatic increases that we are seeing in some other communities on the West Bank of New Orleans. 68% of the homes sold were in New, Excellent or Very Good condition – indicators that they were move in ready for the most part. This is important for home sellers to know, because buyers, with so much to choose from, are opting for homes that don’t need to be updated or renovated. Investors are purchasing the lower end properties, but are discounting them substantially in order to make a profit on resale.
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Home prices in Terrytown
The average sale price in Terrytown this year is $145,156, down 2.37% from last year and continuing the downward trend in prices in the area. At the same time, days on market has increased from 73 days in 2010 to 104 days this year. Again, with so much to choose from, buyers are taking longer to make a decision about which house to buy. They are shopping condition and price for quite some time before making an offer.
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More about Terrytown home sales
- The highest sale price so far this year was $335,500
- 32% of homes sold this year were foreclosures or short sales (up from 30% in 2010)
- 36% of sellers provided a home warranty (up from 35% in 2010)
- 38% of sellers provided closing cost assistance (down from 39% last year)
For assistance buying or selling a home in Terrytown, please contact the West Bank Living Team.
