Current real estate activity in Marrero LA:
There are 240 homes for sale in Marrero
- High list price $1,600,000
- Low list price $24,500
- Average list price $169,351
- Median list price $144,900
29 homes are under contract or pending sale, priced from $16,900 to $269,500
Based on the number of December sales (28), there is a 8.6 month supply of homes for sale
Marrero LA 70072 | Number of Homes Sold | December 2009
As hard as we tried, Marrero fell just short of maintaining the number of homes sold in 2008, dropping to 359 in 2009 and missing the mark by only 11 sales. This is actually pretty good news, because it shows some stabilization in the demand for homes in the area while some other areas of the West Bank are continuing to decline.
How long is it taking homes to sell in Marrero?
The average amount of time a Marrero home stays on the market has been climbing year over year, but dropped just a wee bit in 2009, ending the year at 84 days. Remember, this is just an average.
- The home on the market the longest time in 2009 was 587 days
- The home on the market the shortest time in 2009 was 1 day
Marrero LA 70072 | Average Home Sale Price | December 2009
Marrero is one the few neighborhoods that has remained fairly consistent month to month in home sale prices. 2009 ended with an average of $139,586, down 10.4% from 2008 and almost back to pre-Katrina values.
- The most expensive home sold in the 70072 zip code in 2009 was a plantation style home on 6 acres in Crown Point that sold for $700,000
- The least expensive home sold in the 70072 zip code in 2009 was a 3 bedroom, 2 bath townhome in poor condition in Lincolnshire that sold for $20,000
FHA remains the most popular financing choice in West Bank real estate, with 54% of Marrero home buyers opting to purchase their home this way, with conventional loans trailing way behind.
- 40% of Marrero home sellers provided some type of closing cost assistance to the purchasers of their homes. This type of information is crucial for home sellers to know because it directly effects the amount a buyer is willing to pay for your home. Ask your agent for details about seller assistance or find out what's going on in your West Bank neighborhood with this week's free market snapshot.
All data provided by GSREIN and is deemed reliable, but not guaranteed
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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
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