Is Minden, 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, Minden was a Neutral Market.
Key Takeaway
Minden is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Minden, LA
How much do homes in Minden, LA cost?
Median Sold Price
$139,950
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Minden have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Minden was $139,950 in April 2024, down 6.7% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.5K | N/A |
| 2 Bedrooms | $94K | $72K | -23.4% |
| 3 Bedrooms | $156K | $146.2K | -6.3% |
| 4 Bedrooms | $189K | $211.5K | +11.9% |
| 5+ Bedrooms | $294.7K | $228K | -22.6% |
Summary: Minden housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 22.6%.
Housing Supply in Minden, LA
How many homes are available in Minden, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Summary: The Minden real estate market had 52 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Minden housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minden, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Minden in April 2024, down by 53.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Minden, LA
How long does it take to sell a home in Minden, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +43.2% |
Summary: Homes in Minden had an average of 33 days on market in Apr 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Minden are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Minden; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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