Is Shreveport, 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, Shreveport was a Seller's Market.
Key Takeaway
Shreveport 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 Shreveport, LA
How much do homes in Shreveport, LA cost?
Median Sold Price
$184,782
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Shreveport has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $61.5K | -5.4% |
| 2 Bedrooms | $85K | $89K | +4.7% |
| 3 Bedrooms | $174.9K | $179.5K | +2.6% |
| 4 Bedrooms | $288.1K | $288.2K | 0.0% |
| 5+ Bedrooms | $380K | $338.8K | -10.8% |
Summary: Shreveport 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 increased by 4.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Shreveport | $184.7K | $184.7K | 0% |
| Bossier City | $244.6K | $237.7K | -2.8% |
| Keithville | $266.2K | $241.2K | -9.4% |
Housing Supply in Shreveport, LA
How many homes are available in Shreveport, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 998 | 1,046 | +4.8% |
Summary: The Shreveport real estate market had 1,046 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 148 | 157 | +6.1% |
| 3 Bedrooms | 549 | 570 | +3.8% |
| 4 Bedrooms | 230 | 251 | +9.1% |
| 5+ Bedrooms | 63 | 59 | -6.3% |
Summary: The Shreveport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 185 | 168 | -9.2% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shreveport, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.
Summary: A total of 168 homes were sold or pending in Shreveport in April 2024, down by 9.2% month-over-month. Of the 168 sold homes, 59% were sold under asking, 28% were sold at asking, and 13% were sold over asking.
Days on Market for Shreveport, LA
How long does it take to sell a home in Shreveport, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 58 Days | +49.1% |
Summary: Homes in Shreveport had an average of 58 days on market in Apr 2024, up by 49.1% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shreveport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 168 homes were sold in Shreveport; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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