Is Shreveport, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Shreveport was a Seller's Market.
Key Takeaway
Shreveport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shreveport, LA
How much do homes in Shreveport, LA cost?
Median Sold Price
$184,983
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Shreveport has remained the same since last year.
Summary: The median home sold price in Shreveport was $184,983 in June 2024, up 0.3% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64.5K | $60.7K | -5.8% |
| 2 Bedrooms | $84.3K | $90K | +6.7% |
| 3 Bedrooms | $174.9K | $178.5K | +2.0% |
| 4 Bedrooms | $280K | $291.4K | +4.1% |
| 5+ Bedrooms | $399.9K | $336.6K | -15.8% |
Summary: Shreveport housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Shreveport | $184.4K | $184.9K | 0.3% |
| Bossier City | $245.3K | $238.9K | -2.6% |
| Keithville | $257.8K | $242.5K | -6.0% |
Housing Supply in Shreveport, LA
How many homes are available in Shreveport, LA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,080 | 1,092 | +1.1% |
Summary: The Shreveport real estate market had 1,092 homes for sale in June 2024, a 1.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 146 | 139 | -4.8% |
| 3 Bedrooms | 587 | 594 | +1.2% |
| 4 Bedrooms | 280 | 277 | -1.1% |
| 5+ Bedrooms | 57 | 69 | +21.1% |
Summary: The Shreveport housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 222 | 136 | -38.7% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shreveport, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 136 homes were sold or pending in Shreveport in June 2024, down by 38.7% month-over-month. Of the 136 sold homes, 56% were sold under asking, 37% were sold at asking, and 7% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 47 Days | 49 Days | +2.3% |
Summary: Homes in Shreveport had an average of 49 days on market in Jun 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
22 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 June 2024, 136 homes were sold in Shreveport; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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