Real Estate Market Update for Westlake, LA
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was up 18% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 87%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold decreased 56% year-over-year, and decreased 20% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Westlake, LA
Area Information for Westlake, LA
  • Population: 4,663
  • Median Age: 35.61 yr
  • Median Commute Time: 15.63 mins
  • Educational Climate*: 3
  • Sales Tax: 9.25%
  • Population Density: 1,277/sq mi
  • Population Change Since 2000: -1.21%
  • Closest Airport: Lake Charles Regional
  • Closest College: Mcneese State University
  • Closest Jr. College: Delta School Of Business And Technology
  • Median Household Income: $39,632
  • Annual Residential Turnover: 10.03%
  • Median Years in Residence: 4.53 yr
  • Median Home Sales Price: $103,825
  • Closest Major Sports Team: Astros
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Westlake, LA
Median Age: 35.61 Married: 40% Number of Households: 1,894 Households with Children: 691
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Westlake, LA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Westlake High School 0.7 mi Public 9-12 3 4
      Western Heights Elementary School 0.9 mi Public PRESCHOOL-5 4 3
      Westwood Elementary School 1.3 mi Public PRESCHOOL-5 4-5 5
      S. P. Arnett Middle School 2.1 mi Public 6-8 3-5 4
      Eternity Christian Academy 4.9 mi Private K-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Westlake, LA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.