Is Opelousas, 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, Opelousas was a Neutral Market.
Key Takeaway
Opelousas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Opelousas, LA
How much do homes in Opelousas, LA cost?
Median Sold Price
$151,250
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Opelousas have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Opelousas was $151,250 in March 2024, down 7.1% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $14.5K | -75.8% |
| 2 Bedrooms | $61K | $50K | -18.0% |
| 3 Bedrooms | $155K | $159.5K | +2.9% |
| 4 Bedrooms | $271.5K | $169K | -37.8% |
| 5+ Bedrooms | $252.5K | $240K | -5.0% |
Summary: Opelousas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.8%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 37.8%, and 5+ bedroom homes decreased by 5%.
Housing Supply in Opelousas, LA
How many homes are available in Opelousas, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 124 | 124 | 0.0% |
Summary: The Opelousas real estate market had 124 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 80 | 77 | -3.8% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Opelousas 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 20%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Opelousas, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Opelousas in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Opelousas, LA
How long does it take to sell a home in Opelousas, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 39 Days | -42.1% |
Summary: Homes in Opelousas had an average of 39 days on market in Mar 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Opelousas are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Opelousas; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited.