Is Bossier City, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Bossier City was a Seller's Market.
Key Takeaway
Bossier City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bossier City, LA
How much do homes in Bossier City, LA cost?
Median Sold Price
$239,430
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Bossier City has remained the same since last year.
Summary: The median home sold price in Bossier City was $239,430 in November 2023, up 0.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $112K | +8.2% |
| 2 Bedrooms | $93K | $111K | +19.4% |
| 3 Bedrooms | $217.2K | $223.6K | +3.0% |
| 4 Bedrooms | $319.9K | $322.5K | +0.8% |
| 5+ Bedrooms | $439.9K | $472.5K | +7.4% |
Summary: Bossier City housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Shreveport | $182.6K | $184.3K | +0.9% |
| Bossier City | $239.1K | $239.4K | 0.1% |
Housing Supply in Bossier City, LA
How many homes are available in Bossier City, LA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 330 | 305 | -7.6% |
Summary: The Bossier City real estate market had 305 homes for sale in November 2023, a 7.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 24 | 12 | -50.0% |
| 3 Bedrooms | 177 | 157 | -11.3% |
| 4 Bedrooms | 104 | 108 | +3.8% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Bossier City housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 84 | 50 | -40.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bossier City, you may be able to get a good deal. 58% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Bossier City in November 2023, down by 40.5% month-over-month. Of the 50 sold homes, 58% were sold under asking, 28% were sold at asking, and 14% were sold over asking.
Days on Market for Bossier City, LA
How long does it take to sell a home in Bossier City, LA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +17.3% |
Summary: Homes in Bossier City had an average of 39 days on market in Nov 2023, up by 17.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bossier City are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 50 homes were sold in Bossier City; 46% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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