Is Minden, 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, Minden has remained a Seller's Market.
Key Takeaway
Minden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minden, LA
How much do homes in Minden, LA cost?
Median Sold Price
$139,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Minden have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Minden was $139,000 in May 2024, down 7.3% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.5K | N/A |
| 2 Bedrooms | $99K | $84.5K | -14.6% |
| 3 Bedrooms | $153K | $146.2K | -4.4% |
| 4 Bedrooms | $178.8K | $219K | +22.4% |
| 5+ Bedrooms | $229.5K | $203K | -11.5% |
Summary: Minden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in Minden, LA
How many homes are available in Minden, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 57 | +21.3% |
Summary: The Minden real estate market had 57 homes for sale in May 2024, a 21.3% 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 | 10 | +42.9% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Minden 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 42.9%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minden, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Minden in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 25 Days | -32.1% |
Summary: Homes in Minden had an average of 25 days on market in May 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Minden; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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