Homes in Terrebonne Parish sold for lower prices recently: See how much here
Newly released data for December shows that potential buyers and sellers in Terrebonne Parish saw houses sell for lower than the previous month's median sale price of $185,000.
The median home sold for $180,000, an analysis of data from Realtor.com shows. That means December, the most recent month for which figures are available, was down 2.7% from November.
Compared to December 2022, the median home sale price was up 17.3% at $180,000 compared to $153,500.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.houmatoday.com.
Looking only at single-family homes, the $180,000 median selling price in Terrebonne Parish was down 2.7% in December from $185,000 the month prior. Since December 2022, the sale price of single-family homes was up 16.1% from a median of $155,000.
No single-family homes sold for at least $1 million or more during the month.
In December, the number of recorded sales in Terrebonne Parish rose by 6.3% since December 2022 from 48 to 51. All residential home sales totaled to $10.4 million.
In Louisiana, homes sold at a median of $206,820 during December, up 0.7% from $205,333 in November. There were 2,618 recorded sales across the state during December, down 11.8% from 2,967 recorded sales in December 2022.
The total value of recorded residential home sales in Louisiana decreased by 1.4% from $708.7 million in November to $698.7 million this December.
Out of all residential home sales in Louisiana, 1.83% of homes sold for at least $1 million in December, down from 1.85% in December 2022.
Sales prices of single-family homes across Louisiana the same as $210,000 in November. Since December 2022, the sale price of single-family homes across the state was down 0.4% from $210,916.
Across the state, the sale price of condominiums and townhomes rose 2.9% from a median of $175,000 in November to $180,000 during December. The median sale price of condominiums and townhomes is up 4.4% from the median of $172,500 in December 2022.
The median home sale price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sale price, which would mean taking the sum of all sale prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on The Courier: Homes in Terrebonne Parish sold for lower prices recently: See how much here
