Is De Soto County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, De Soto County was a Neutral Market.
Key Takeaway
De Soto County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in De Soto County, LA
How much do homes in De Soto County, LA cost?
Median Sold Price
$275,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in De Soto County have sold for 8% less than they did a year ago.
Summary: The median home sold price in De Soto County was $275,000 in March 2024, down 8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.5K | $90K | +127.8% |
| 2 Bedrooms | $68.2K | $114K | +67.2% |
| 3 Bedrooms | $229K | $253.9K | +10.9% |
| 4 Bedrooms | $380K | $377K | -0.8% |
| 5+ Bedrooms | $505K | $487K | -3.6% |
Summary: De Soto County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 127.8%, 2 bedroom homes increased by 67.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Caddo County | $186.6K | $184.3K | -1.2% |
| De Soto County | $299K | $275K | -8.0% |
Housing Supply in De Soto County, LA
How many homes are available in De Soto County, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The De Soto County real estate market had 52 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The De Soto County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Soto County, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in De Soto County in March 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for De Soto County, LA
How long does it take to sell a home in De Soto County, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 176 Days | 153 Days | -12.6% |
Summary: Homes in De Soto County had an average of 153 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in De Soto County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in De Soto County; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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