Is Hammond, LA 70401 a buyer’s or seller’s market?

The Hammond housing market right now

In the three months ending August 31, 2026, 4% of homes in Hammond, LA 70401 sold above their list price, the typical home went under contract in 58 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (74 days then) and the median sale price rose 2% to $244,394. Overall, Hammond is about as competitive as it was a year ago.

Within Tangipahoa Parish, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Hammond ranks #134 of 160 LA ZIP codes with enough sales (score 14 out of 100).

Nearby, buyers who want less competition could look at Roseland 70456 (0% sold over asking) or Kentwood 70444 (0% sold over asking), while Loranger 70446 (35% sold over asking) and Tickfaw 70466 (33% sold over asking) are even more competitive.