Is Broussard, 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, Broussard was a Seller's Market.
Housing Prices in Broussard, LA
How much do homes in Broussard, LA cost?
Median Sold Price
$299,006
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broussard was $299,006 in May 2024, down 3.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $149K | N/A |
2 Bedrooms | $139.7K | $128.5K | -8.1% |
3 Bedrooms | $271.5K | $270K | -0.6% |
4 Bedrooms | $380.6K | $378K | -0.7% |
5+ Bedrooms | $735K | $447.5K | -39.1% |
Summary: Broussard 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 8.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 39.1%.
Median Sold Price Compared To Nearby Cities
Youngsville | $279.9K | $269.9K | -3.6% |
Broussard | $311.1K | $299K | -3.9% |
Lafayette | $244.9K | $234.8K | -4.1% |
Housing Supply in Broussard, LA
How many homes are available in Broussard, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
130 | 129 | -0.8% |
Summary: The Broussard real estate market had 129 homes for sale in May 2024, a 0.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 77 | 76 | -1.3% |
4 Bedrooms | 44 | 41 | -6.8% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Broussard 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 increased by 100%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Broussard in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 38% were sold at asking, and 10% were sold over asking.
Days on Market for Broussard, LA
How long does it take to sell a home in Broussard, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 52 Days | -21.6% |
Summary: Homes in Broussard had an average of 52 days on market in May 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Broussard; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.