Real estate is a major investment for many people. If you’re thinking about investing in Slidell, Louisiana, or any other home for sale throughout the country, it’s crucial to have a comprehensive understanding of the current market conditions. This article will provide you with everything you need to know about Slidell, including the cost of living and local job opportunities.
Slidell Real Estate Market
The Slidell real estate market is hot! According to MLS data, the median home price in Slidell was $146,000 in September of 2018. That’s up 12.8% from 2017 and 13.1% from 2016.
The good news is that there are plenty of properties available for sale in Slidell. The bad news is that the supply of available homes is limited and the demand is high.
This means that if you want to buy a home in Slidell, you need to act fast! There are currently 124 active listings on the MLS, which is down from 144 listings at this time last year but still well above the 101 listings that were active at this time in 2016.
If you’re looking for a realtor for an investment property, now may be a good time to check out the Slidell market. The median price for homes that have been sold so far this year is $165,000, which is up from $154,000 at this time last year but still below the $185,000 median price for homes that were sold during the same period in 2017. There are definitely opportunities available in the Slidell real estate
What is the Average Price for a House In Slidell?
Slidell is known for its beautiful homes and yards. According to Zillow, the average price of a house in Slidell is $165,000. This may not seem like a lot, but when you compare it to other cities, it’s quite expensive. For example, the average price of a house in New Orleans is only $130,000. If you’re looking to buy a home in Slidell, be prepared to pay a bit more than in other places.
Is the Housing Market in Slidell sustainable?
There is no question that the housing market in Slidell Louisiana is on the decline. This has been especially noticeable in recent months as home prices have plummeted and more and more people are looking to sell their homes.
One reason for this decline may be that many people who were thinking about buying a home in Slidell are now waiting until prices rebound a bit. In the meantime, they are living in rentals or staying put with friends or family.
Of course, there are also a number of factors that could be contributing to the slide in the housing market. For example, interest rates have been low for quite some time now, which has made it difficult for people to get approved for a loan and buy a house. Additionally, there is increasing competition from new developments in other parts of town, which is making it harder for longtime homeowners to sell their properties.
Whatever the reasons may be, it’s clear that the housing market in Slidell Louisiana is not as strong as it once was. If you’re considering buying a home in this region, it would probably be best to wait until prices rebound a bit before making an investment.
Rental Market in Slidell
The rental market in Slidell Louisiana is booming, with a steady stream of new apartments and home rentals filling the market. The city’s population has been growing steadily, bolstering the demand for rental units.
Slidell is a great place to live if you’re looking for a small city with plenty to do. The city is home to a number of attractions, including the Slidell Museum of Art and the Louisiana Maritime Museum. There are also a number of restaurants and shops located in the area.
If you’re looking for an affordable place to call home, Slidell is definitely worth considering. The city’s rental market is relatively stable, with prices ranging from $850 for a one-bedroom apartment to $1,500 for a three-bedroom unit.