Is De Soto County, 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, De Soto County has remained a Seller's Market.
Housing Prices in De Soto County, LA
How much do homes in De Soto County, LA cost?
Median Sold Price
$279,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in De Soto County was $279,000 in May 2024, up 3.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $39.5K | $90K | +127.8% |
2 Bedrooms | $71.6K | $119.8K | +67.3% |
3 Bedrooms | $210K | $256.2K | +22.0% |
4 Bedrooms | $379.9K | $371K | -2.3% |
5+ Bedrooms | $516.7K | $448.5K | -13.2% |
Summary: De Soto County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 127.8%, 2 bedroom homes increased by 67.3%, 3 bedroom homes increased by 22%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Counties
De Soto County | $269K | $279K | +3.7% |
Caddo County | $184.9K | $187.3K | +1.3% |
Housing Supply in De Soto County, LA
How many homes are available in De Soto County, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 70 | +16.7% |
Summary: The De Soto County real estate market had 70 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The De Soto County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 15 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in De Soto County in May 2024, up by 200.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for De Soto County, LA
How long does it take to sell a home in De Soto County, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 50 Days | +40.0% |
Summary: Homes in De Soto County had an average of 50 days on market in May 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in De Soto County; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.