Is Bogalusa, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bogalusa was a Seller's Market.
Key Takeaway
Bogalusa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bogalusa, LA
How much do homes in Bogalusa, LA cost?
Median Sold Price
$135,250
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bogalusa have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Bogalusa was $135,250 in May 2024, up 8.2% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21.6K | - | N/A |
| 2 Bedrooms | $77K | $65K | -15.6% |
| 3 Bedrooms | $125K | $149K | +19.2% |
| 4 Bedrooms | $155K | $190K | +22.6% |
| 5+ Bedrooms | $157.5K | $150K | -4.8% |
Summary: Bogalusa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.6%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Bogalusa, LA
How many homes are available in Bogalusa, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The Bogalusa real estate market had 47 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 33 | 35 | +6.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bogalusa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bogalusa, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bogalusa in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bogalusa, LA
How long does it take to sell a home in Bogalusa, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 33 Days | -10.7% |
Summary: Homes in Bogalusa had an average of 33 days on market in May 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bogalusa are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Bogalusa; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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