Is Caddo County, 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, Caddo County has remained a Seller's Market.
Key Takeaway
Caddo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caddo County, LA
How much do homes in Caddo County, LA cost?
Median Sold Price
$184,327
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Caddo County have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Caddo County was $184,327 in March 2024, down 1.2% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $62.7K | -3.5% |
| 2 Bedrooms | $100K | $80K | -20.0% |
| 3 Bedrooms | $175.9K | $179.6K | +2.1% |
| 4 Bedrooms | $285K | $289.1K | +1.5% |
| 5+ Bedrooms | $374.7K | $338.8K | -9.6% |
Summary: Caddo County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Counties
| Caddo County | $186.6K | $184.3K | -1.2% |
| Bossier County | $255.1K | $246.5K | -3.4% |
| De Soto County | $299K | $275K | -8.0% |
Housing Supply in Caddo County, LA
How many homes are available in Caddo County, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 948 | 1,082 | +14.1% |
Summary: The Caddo County real estate market had 1,082 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 154 | 158 | +2.6% |
| 3 Bedrooms | 508 | 596 | +17.3% |
| 4 Bedrooms | 218 | 253 | +16.1% |
| 5+ Bedrooms | 60 | 68 | +13.3% |
Summary: The Caddo County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 193 | +25.3% |
Asking Price vs. Sold Price
117 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caddo County, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 193 homes were sold or pending in Caddo County in March 2024, up by 25.3% month-over-month. Of the 193 sold homes, 61% were sold under asking, 24% were sold at asking, and 15% were sold over asking.
Days on Market for Caddo County, LA
How long does it take to sell a home in Caddo County, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 66 Days | +34.1% |
Summary: Homes in Caddo County had an average of 66 days on market in Mar 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caddo County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 193 homes were sold in Caddo County; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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