The Lake Terrace-Oaks housing market is very competitive. The median sale price of a home in Lake Terrace-Oaks was $405K last month, up 11.7% since last year.
What is the housing market like in Lake Terrace-Oaks today?
In January 2025, Lake Terrace-Oaks home prices were up 11.7% compared to last year, selling for a median price of $405K. On average, homes in Lake Terrace-Oaks sell after 106 days on the market compared to 120 days last year. There were 3 homes sold in January this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$405,000
+11.7% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Lake Terrace-Oaks, LA
$405,000
+11.7%
United States
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How hot is the Lake Terrace-Oaks housing market?
Lake Terrace-Oaks is very competitive. Homes sell in 10 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 10 days.
Hot homes
can sell for around list price and go pending in around 4 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Terrace-Oaks housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Terrace-Oaks.
Flood Factor - Moderate
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Terrace-Oaks has a moderate risk of flooding. 359 properties in Lake Terrace-Oaks are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Lake Terrace-Oaks. Flood risk is increasing slower than the national average.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lake Terrace-Oaks has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Terrace-Oaks is most at risk from hurricanes. 733 properties in Lake Terrace-Oaks have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 192 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 206 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Lake Terrace-Oaks has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Lake Terrace-Oaks have an Extreme Heat Factor®.
Lake Terrace-Oaks is expected to see a 200% increase in the number of days over 107ºF over the next 30 years. Lake Terrace-Oaks is expected to experience 7