Is Bossier City, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bossier City has remained a Seller's Market.
Key Takeaway
Bossier City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bossier City, LA
How much do homes in Bossier City, LA cost?
Median Sold Price
$239,927
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bossier City have sold for 2% less than they did a year ago.
Summary: The median home sold price in Bossier City was $239,927 in May 2024, down 2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $116K | +7.4% |
| 2 Bedrooms | $96K | $115K | +19.8% |
| 3 Bedrooms | $223.5K | $221.2K | -1.0% |
| 4 Bedrooms | $322.6K | $323K | 0.1% |
| 5+ Bedrooms | $457K | $491.2K | +7.5% |
Summary: Bossier City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 19.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Shreveport | $184.6K | $186K | +0.8% |
| Bossier City | $244.9K | $239.9K | -2.0% |
Housing Supply in Bossier City, LA
How many homes are available in Bossier City, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 354 | 354 | 0.0% |
Summary: The Bossier City real estate market had 354 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 155 | 149 | -3.9% |
| 4 Bedrooms | 141 | 143 | +1.4% |
| 5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The Bossier City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 85 | -4.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bossier City, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Bossier City in May 2024, down by 4.5% month-over-month. Of the 85 sold homes, 49% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Bossier City, LA
How long does it take to sell a home in Bossier City, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 47 Days | +35.1% |
Summary: Homes in Bossier City had an average of 47 days on market in May 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bossier City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 85 homes were sold in Bossier City; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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