Is Bossier City, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bossier City has remained a Seller's Market.
Key Takeaway
Bossier City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bossier City, LA
How much do homes in Bossier City, LA cost?
Median Sold Price
$239,375
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bossier City have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Bossier City was $239,375 in March 2024, down 1.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $111K | +2.8% |
| 2 Bedrooms | $99.9K | $117.2K | +17.4% |
| 3 Bedrooms | $221.4K | $222.6K | +0.6% |
| 4 Bedrooms | $322.3K | $317K | -1.7% |
| 5+ Bedrooms | $464K | $502.5K | +8.3% |
Summary: Bossier City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Shreveport | $185.1K | $183.7K | -0.7% |
| Bossier City | $242.7K | $239.3K | -1.4% |
Housing Supply in Bossier City, LA
How many homes are available in Bossier City, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 304 | 321 | +5.6% |
Summary: The Bossier City real estate market had 321 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 160 | 150 | -6.3% |
| 4 Bedrooms | 107 | 124 | +15.9% |
| 5+ Bedrooms | 19 | 25 | +31.6% |
Summary: The Bossier City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 81 | +32.8% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
14 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. 49.4% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Bossier City in March 2024, up by 32.8% month-over-month. Of the 81 sold homes, 49% were sold under asking, 33% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 54 Days | +28.9% |
Summary: Homes in Bossier City had an average of 54 days on market in Mar 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
20 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 March 2024, 81 homes were sold in Bossier City; 51% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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