While the City of Gretna LA is small in geography, it remains one of the in-demand spots on the West Bank of New Orleans for home buyers.
Gretna LA 70053 – Median Sold Prices
Prices in Gretna tend to fluctuate from month to month because of the low turnover in this little city. Given that, we don’t put much stock in any single month as an indicator of where prices are going. This is one of the places that sold prices totally depend on whether there was a new construction or large home sold vs an older home in need of updating. That said, there are still affordable options for homes in Gretna, particularly for starter sized properties.
Number of sales
June 2020 saw a big jump in the number of sales, but that was likely some pent up demand from the state COVID-19 shutdown in March. Last June there were 5 homes sold, so we’re considering this an anomaly. Gretna started 2020 strong, but July seems to be waning a bit. We’ll know more at the end of the month since that’s when the majority of home sales happen.
Days to sell
Again, this number jumps around depending on the volume of sales for the month, but it averages out to less than 30 days for most sellers to find a buyer for their home. What does that mean for sellers? You have to have a plan in place before you go on the market!
READ: The Complete Home Seller’s Guide
Inventory
Months of inventory is a good indicator of the health of a real estate market, and Gretna remains a seller market, with anywhere from 2-5 months of inventory so far in 2020.
Need a professional assessment of the value of your Gretna home? Call us today at 504-327-5303.
Gretna LA 70053 Real Estate
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