Is Broussard, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Broussard has remained a Seller's Market.
Key Takeaway
Broussard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broussard, LA
How much do homes in Broussard, LA cost?
Median Sold Price
$299,026
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Broussard have sold for 5% less than they did a year ago.
Summary: The median home sold price in Broussard was $299,026 in April 2024, down 5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149K | N/A |
| 2 Bedrooms | $143.2K | $131.4K | -8.2% |
| 3 Bedrooms | $273K | $270K | -1.1% |
| 4 Bedrooms | $375.7K | $378.7K | +0.8% |
| 5+ Bedrooms | $735K | $447.5K | -39.1% |
Summary: Broussard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 39.1%.
Median Sold Price Compared To Nearby Cities
| Lafayette | $244K | $235K | -3.7% |
| Youngsville | $283.6K | $270K | -4.8% |
| Broussard | $314.8K | $299K | -5.0% |
Housing Supply in Broussard, LA
How many homes are available in Broussard, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 121 | 128 | +5.8% |
Summary: The Broussard real estate market had 128 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 69 | 77 | +11.6% |
| 4 Bedrooms | 44 | 42 | -4.5% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Broussard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broussard, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Broussard in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 32% were sold under asking, 41% were sold at asking, and 27% were sold over asking.
Days on Market for Broussard, LA
How long does it take to sell a home in Broussard, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 48 Days | -22.9% |
Summary: Homes in Broussard had an average of 48 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broussard are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Broussard; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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