St. Tammany Parish Residents
St. Tammany Parish is an ever growing area, with an estimated population of 253,602. The median household income is approximately $63,180 and the median property value is $204,700. St. Tammany is the 5th most populated parish in Louisiana, with Madisonville, Mandeville, and Covington being some of the most sought after areas for potential homeowners. The area is well known by residents for blue ribbon schools, ample recreation opportunities, and convenient shopping opportunities. The homeownership rate is 76.6%.
statistics provided by Data USA and United States Census Bureau.
What is the Average Price Range in St. Tammany Parish?
The price range of homes sold in St. Tammany Parish continues to rise. These numbers account for the average of all residential properties sold.
Year Average Sale Price
2017 $249,665
2016 $240,557
2015 $237,221
Average Time on the Market for St. Tammany Parish Listings
In 2017, a detached single family home took approximately 64 days to sell. The current average for the beginning of 2018 is 71 days.
Average List to Close Price
For 2017, the average list to close price was 97.3%, which is a great number for sellers. The market is still very much a seller’s market.
From the REALTORS® Confidence Index (RCI) survey in December 2017, REALTORS® report “low inventory” and “tax reform” as the major issues affecting transactions in December 2017. Low inventory certainly continues to support a seller’s market. Currently, in March 2018, we are still experiencing low inventory, which favors sellers. Listings move more quickly when inventory is low.
Curious how much your home may be worth in this low inventory market? Check out the Home Valuation Tool for a personalized estimate.
