Prien's real estate market is currently hot with low inventory and high demand. Home prices have increased 10.9% in the past month alone. With 3.1 months of supply, Prien's inventory levels remain relatively tight. Homes are now taking an average of 65 days to sell, significantly longer than the 15 days typical for this market. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Prien market with the affordability index at 316.9. Based on current market indicators, home prices in Prien are projected to decrease by approximately 8.3% over the next month.
Prien, LA has a total population of 9,221 residents. The area is predominantly White (75.4%), The African American population is 9.1%. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Prien, LA.
Market predictions for Prien, LA show an upward trend in home prices, with values increasing by 2.2%. This suggests a gradual price adjustment in the market. The current median home price in Prien, LA is approximately $285,805.166. The stable price trend suggests a balanced market in Prien, LA, suitable for both buyers and sellers.
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