Buras, LA Home Values & Market Trends

Real estate market trends reflect that there have been 10 transactions over the past year in Buras. The median value for residential home transactions that occurred over the previous year is $105,624.5. The number of current listings in Buras is 3, and the percentage of properties for sale in the city is 3.00%. Buras, LA currently has 2 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 3 properties for sale.

Buras, LA Real Estate Market Overview

ZipMedian Est. Value
70041

$ 158,743

$ 51/sqft

Housing Market Summary for Buras, LA

Apr 2023March 2024Change
Median Listing Price$185K$64,725-65.01%
Median Sold Price$61,000$64,7256.11%
Homes For Sale32-33.33%
Homes Sold4525.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Buras, LA

Buras home values range from $30,000 to $1,133,506. The median estimated value of a home in Buras is $105,624.5. The median list price of a home is 189,000, and the total count of properties in the city is 1,098.

Foreclosure
There is 1 zips within Buras, LA; within this zips, the median estimated home value for homes in foreclosure ranges from $351,729 in 70041 to the lowest value of $351,729 in 70041. Foreclosure homes account for 0.00% of properties in Buras, LA with 70041 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.18% of all residential properties in Buras, LA with 70041 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Buras, LA; of that zips, the estimated home value for pre-foreclosure homes ranges from $351,729 in 70041 to the lowest home value of $351,729 in 70041.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Buras, LA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Buras, LA. There is 1 zips within Buras, LA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Buras, LA. Auction homes and other auction properties account for 0% of all properties in Buras, LA. There is 1 zips within Buras, LA; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.27% of residential properties in Buras, LA with 70041 containing 3 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Buras, LA; homes for sale in that zips, have a range of median values from $189,000 in 70041 to the lowest value of $36,000 in 70041.
    Sold Homes
    The median value for recently sold homes ranges from $130,900 in 70041 to the lowest price of $49,000 in 70041. There is 1 zips within Buras, LA. 70041 has 5 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.46% of properties in Buras, LA.

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      Guide for Buras, LA

      Market Reports
      Baton Rouge, LA Real Estate Market Report – March 2024
      Market Reports
      Overview of Real Estate Trends in New Orleans, LA – Feb 2024
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Baton Rouge, LA Real Estate Market Report – March 2024
      Market Reports|posted 18 March 2024

      The Baton Rouge real estate market, as of early 2024, displays complex dynamics with a minor decline in average property values but an increase in sale prices, indicating strong demand.

      Overview of Real Estate Trends in New Orleans, LA – Feb 2024
      Market Reports|posted 29 February 2024

      This write-up gives an quick view of the real estate market trends in New Orleans and its surrounding cities.

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Recently Listed Homes Buras, LA

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