Is Bogalusa, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bogalusa is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Bogalusa has remained a Buyer's Market.

Key Takeaway

Bogalusa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$2,500(+1.9%)

Key Takeaway

Homes in Bogalusa have sold for 1.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $21.6K-
N/A
2 $97K$60K
-38.1%
3 $133K$135.2K
+1.7%
4 $155K$218.5K
+41.0%
5+ $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 2024Feb 2024CHANGE
4146+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 66
0.0%
3 2631
+19.2%
4 66
0.0%
5+ 22
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 2024Feb 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bogalusa, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
29 Days81 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bogalusa has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Bogalusa, LA

Nearby Markets to Bogalusa, LA