Is Shreveport, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Shreveport was a Seller's Market.
Key Takeaway
Shreveport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shreveport, LA
How much do homes in Shreveport, LA cost?
Median Sold Price
$184,337
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Shreveport have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Shreveport was $184,337 in November 2023, up 0.9% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $64.5K | +4.0% |
| 2 Bedrooms | $100K | $83K | -17.0% |
| 3 Bedrooms | $173.4K | $179.7K | +3.7% |
| 4 Bedrooms | $284.3K | $280K | -1.5% |
| 5+ Bedrooms | $365K | $380K | +4.1% |
Summary: Shreveport housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 17%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Keithville | $237K | $240K | +1.3% |
| Shreveport | $182.6K | $184.3K | +0.9% |
| Bossier City | $239.1K | $239.4K | 0.1% |
| Greenwood | $223K | $219.2K | -1.7% |
Housing Supply in Shreveport, LA
How many homes are available in Shreveport, LA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 930 | 952 | +2.4% |
Summary: The Shreveport real estate market had 952 homes for sale in November 2023, a 2.4% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 141 | 129 | -8.5% |
| 3 Bedrooms | 495 | 514 | +3.8% |
| 4 Bedrooms | 230 | 239 | +3.9% |
| 5+ Bedrooms | 57 | 62 | +8.8% |
Summary: The Shreveport housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 143 | 142 | -0.7% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shreveport, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 142 homes were sold or pending in Shreveport in November 2023, down by 0.7% month-over-month. Of the 142 sold homes, 58% were sold under asking, 30% were sold at asking, and 11% were sold over asking.
Days on Market for Shreveport, LA
How long does it take to sell a home in Shreveport, LA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 43 Days | 48 Days | +12.4% |
Summary: Homes in Shreveport had an average of 48 days on market in Nov 2023, up by 12.4% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shreveport are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 142 homes were sold in Shreveport; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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