Is now a good time to buy land in Hammond, Louisiana?
Hammond, Louisiana is currently a strong buyer's market with 37.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
37.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 7 | 12 | 23 |
| 1-2 acres | - | 2 | 5 | 12 |
| 2-5 acres | - | 2 | 4 | 8 |
| 5-10 acres | - | 3 | 9 | 13 |
| 10-20 acres | - | 1 | 3 | 4 |
| 20-50 acres | - | 1 | 2 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 16 | 35 | 63 |
Hammond, Louisiana is currently a strong buyer's market with 37.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Hammond, Louisiana currently has 37.1 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Hammond, Louisiana is 2.7%. The 12-month rate is 2.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Hammond, Louisiana is 2.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Monument Real Estate, LLC.
Land in Hammond, Louisiana typically sells within 106 days of listing. The median time on market is 58 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 198 active listings in Hammond, Louisiana. 33 new listings have hit the market in the last 90 days. The median asking price is $200K.
Over the past 12 months, Hammond, Louisiana saw 63 properties sold. In just the last 3 months, 16 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.