Is Opelousas, 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, Opelousas was a Seller's Market.
Housing Prices in Opelousas, LA
How much do homes in Opelousas, LA cost?
Median Sold Price
$152,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Opelousas was $152,000 in April 2024, down 3.2% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60K | $14.5K | -75.8% |
2 Bedrooms | $61K | $47.5K | -22.1% |
3 Bedrooms | $155K | $159K | +2.6% |
4 Bedrooms | $270K | $200K | -25.9% |
5+ Bedrooms | $275K | $200K | -27.3% |
Summary: Opelousas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.8%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes decreased by 27.3%.
Housing Supply in Opelousas, LA
How many homes are available in Opelousas, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 120 | -2.4% |
Summary: The Opelousas real estate market had 120 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 75 | 71 | -5.3% |
4 Bedrooms | 34 | 35 | +2.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Opelousas 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 remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Opelousas in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for Opelousas, LA
How long does it take to sell a home in Opelousas, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
91 Days | 58 Days | -36.0% |
Summary: Homes in Opelousas had an average of 58 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Opelousas; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.