Is Caddo County, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Caddo County was a Seller's Market.
Key Takeaway
Caddo County 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 Caddo County, LA
How much do homes in Caddo County, LA cost?
Median Sold Price
$184,914
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Caddo County has remained the same since last year.
Summary: The median home sold price in Caddo County was $184,914 in April 2024, down 0.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $61.5K | -5.4% |
| 2 Bedrooms | $85.5K | $84.3K | -1.4% |
| 3 Bedrooms | $175.1K | $179.9K | +2.8% |
| 4 Bedrooms | $288K | $288.8K | 0.3% |
| 5+ Bedrooms | $375K | $381.5K | +1.7% |
Summary: Caddo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Counties
| Caddo County | $185K | $184.9K | -0.1% |
| Bossier County | $255.2K | $246.5K | -3.4% |
| De Soto County | $285K | $275K | -3.5% |
Housing Supply in Caddo County, LA
How many homes are available in Caddo County, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,055 | 1,120 | +6.2% |
Summary: The Caddo County real estate market had 1,120 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 159 | 171 | +7.5% |
| 3 Bedrooms | 581 | 613 | +5.5% |
| 4 Bedrooms | 241 | 263 | +9.1% |
| 5+ Bedrooms | 65 | 62 | -4.6% |
Summary: The Caddo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 4.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 197 | 176 | -10.7% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caddo County, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 176 homes were sold or pending in Caddo County in April 2024, down by 10.7% month-over-month. Of the 176 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Caddo County, LA
How long does it take to sell a home in Caddo County, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 57 Days | +45.8% |
Summary: Homes in Caddo County had an average of 57 days on market in Apr 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caddo County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 176 homes were sold in Caddo County; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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