Is Opelousas, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$160,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Opelousas was $160,000 in May 2024, up 6.3% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.7K | $15K | -67.2% |
2 Bedrooms | $60K | $50K | -16.7% |
3 Bedrooms | $150K | $162.2K | +8.2% |
4 Bedrooms | $248K | $200K | -19.4% |
5+ Bedrooms | $275K | $200K | -27.3% |
Summary: Opelousas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.2%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 19.4%, 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 113 | -5.0% |
Summary: The Opelousas real estate market had 113 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 69 | 67 | -2.9% |
4 Bedrooms | 34 | 31 | -8.8% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Opelousas 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 remained the same, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Opelousas in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 105 Days | +50.8% |
Summary: Homes in Opelousas had an average of 105 days on market in May 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Opelousas; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.