đĄ Northshore Housing Market Update: Key Trends and Insights đ
The housing market across the Northshoreâincluding St. Tammany, Tangipahoa, and Washington Parishesâhas shown a combination of stabilization and growth in 2024. Whether youâre buying, selling, or analyzing the market, here are the critical trends you need to know.
1ď¸âŁ Closed Sales by Parish
St. Tammany Parish: Leading the way with 3,005 closed sales.
Tangipahoa Parish: 1,236 closed salesâa solid contribution to the Northshore market.
Washington Parish: 204 closed sales, showing steady activity.
St. Tammany Parish remains the dominant force in the Northshore housing market.
2ď¸âŁ Top Cities Driving the Market
Some Northshore cities stood out for closed sales and growth:
Slidell: 975 closed salesâthe city leads the market in activity.
Covington: 811 closed sales, a strong performer with steady growth.
Mandeville: 549 closed sales, balancing inventory and demand.
Ponchatoula: 500 closed sales, maintaining healthy market movement.
Hammond: 482 closed salesâa critical hub in Tangipahoa Parish.
These cities represent Northshoreâs hotspots for buyers and sellers alike.
3ď¸âŁ Cities with the Most Growth đ
Sales growth has been particularly notable in these cities:
Covington: +12 sales
Slidell: +11 sales
Mandeville: +10 sales
Pearl River and Madisonville: Both saw modest growth with +4 sales each.
The upward trend in these areas reflects buyer confidence and increased market demand.
4ď¸âŁ Price Trends: Cities and Yearly Growth đ°
By City:
The top-performing cities in terms of average and median sales prices are:
Folsom:
Average Price: $497,584
Median Price: $297,000
Madisonville:
Average Price: $468,089
Median Price: $399,995
Mandeville:
Average Price: $450,358
Median Price: $385,000
These price points highlight areas where home values remain strong.
By Year:
From 2023 to 2024, Northshore home prices are on the rise:
2023:
Average Price: $299,276
Median Price: $255,000
2024:
Average Price: $330,440
Median Price: $275,898
Both average and median prices have increased significantly, showing a strong appreciation in value across the Northshore.
5ď¸âŁ Key Takeaways for Buyers and Sellers
Inventory: More homes are coming to market, especially in areas like St. Tammany Parish.
Market Time: Homes are staying on the market longer, giving buyers more opportunities to make informed decisions.
Pricing Trends: Sellers in hotspots like Folsom, Covington, and Mandeville are seeing strong returns, with upward price momentum.
Need Professional Insight?
Navigating the Northshore market requires expertise. Whether youâre buying, selling, or need an appraisal for estate planning, pre-listing, or consulting, Joseph Mier & Associates is here to guide you.
đ 985-230-0730 | đ§ joe@jmappraisers.com
Stay tuned for more monthly updates as we track the trends that matter most to you.
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