Is Bogalusa, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bogalusa has remained a Buyer's Market.
Housing Prices in Bogalusa, LA
How much do homes in Bogalusa, LA cost?
Median Sold Price
$135,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bogalusa was $135,000 in February 2024, up 1.9% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $21.6K | - | N/A |
2 Bedrooms | $97K | $60K | -38.1% |
3 Bedrooms | $133K | $135.2K | +1.7% |
4 Bedrooms | $155K | $218.5K | +41.0% |
5+ Bedrooms | $267.5K | $150K | -43.9% |
Summary: Bogalusa housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 41%, and 5+ bedroom homes decreased by 43.9%.
Housing Supply in Bogalusa, LA
How many homes are available in Bogalusa, LA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Summary: The Bogalusa real estate market had 46 homes for sale in February 2024, a 12.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bogalusa housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bogalusa in February 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Bogalusa, LA
How long does it take to sell a home in Bogalusa, LA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
29 Days | 81 Days | +176.1% |
Summary: Homes in Bogalusa had an average of 81 days on market in Feb 2024, up by 176.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Bogalusa; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.