Is Grosse Tete, LA 70740 a buyer’s or seller’s market?
Grosse Tete is a seller’s market. With about 3.2 months of supply and 100% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Grosse Tete housing market right now
In the three months ending August 31, 2026, 100% of homes in Grosse Tete, LA 70740 sold above their list price, the typical home went under contract in 7 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (32 days then) and the median sale price rose 15% to $177,723. Overall, Grosse Tete is more competitive than a year ago, so tougher for buyers.
Within Iberville Parish, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at White Castle 70788 (0% sold over asking) or Maringouin 70757 (0% sold over asking).
Run the numbers for 70740
Nearby markets
Carville 70721Buyer’s market $180 /sq ftMaringouin 70757Buyer’s market $87 /sq ftPlaquemine 70764Balanced $134 /sq ftRosedale 70772 — /sq ft Browse all markets →Where Grosse Tete is
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Questions about Grosse Tete real estate
Is Grosse Tete a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Grosse Tete, LA 70740 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Grosse Tete?
The typical home went under contract in 7 days in the latest three months.
Do homes in Grosse Tete sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.
What are property taxes in Grosse Tete?
About 0.32% of a home’s value a year in Iberville Parish, or roughly $1,280 on a $400,000 home.
What is the median home price in Grosse Tete?
The median sale price was $177,723 in the three months ending August 31, 2026, about $104 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology