Current real estate activity in Marrero LA
240 homes are for sale in Marrero
- High list price $2,500,000
- Low list price $24,500
- Average list price $179,274
- Median list price $144,950
33 homes are under contract or pending sale, priced from $16,900 to $310,500
Based on the number of sales in November (32), there is a 7.5 month supply of homes for sale in Marrero
Marrero LA | Number of Homes Sold | November 2009
The 32 homes sold in November brings the year to date number of sales in Marrero to 331, down 4.9% from the same time last year.
FHA remains the king of financing in Marrero real estate, with more than half of home buyers using this loan program that allows for lower down payments and credit scores.
Sellers should be aware that there are some recommended changes to the FHA program for 2010 that may make it harder for buyers to qualify, reducing the number of potential buyers for their properties. Now is the time to make sure that you are priced right to compete with the other homes for sale in your neighborhood.
Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
Marrero LA | Average Home Sale Prices | November 2009
Home prices in Marrero have been drifting slightly downward for the last few months, ending November with a year to date average of $138,562, down 11.04% from the 2008 average. The extension of the first time home buyers tax credit into 2010 may help to keep sales steady, but will probably do little to impact prices with over 200 homes to choose from in the area.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Marrero LA Homes for Sale
New Orleans West Bank Homes for Sale
Home buying tips
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Buying or selling a home in Marrero LA? Contact the West Bank Living Team. We have dedicated buyer and seller agents that would be pleased to assist you with any of your New Orleans West Bank real estate needs.
This information originally published at West Bank Living
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