Is Shreveport, 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, Shreveport has remained a Seller's Market.
Key Takeaway
Shreveport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shreveport, LA
How much do homes in Shreveport, LA cost?
Median Sold Price
$186,032
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shreveport have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Shreveport was $186,032 in May 2024, up 0.8% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $60K | -7.7% |
| 2 Bedrooms | $84.6K | $89.2K | +5.4% |
| 3 Bedrooms | $174.9K | $179.9K | +2.9% |
| 4 Bedrooms | $283K | $290K | +2.4% |
| 5+ Bedrooms | $380K | $359.4K | -5.4% |
Summary: Shreveport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Greenwood | $180.4K | $267K | +48.0% |
| Shreveport | $184.6K | $186K | +0.8% |
| Bossier City | $244.9K | $239.9K | -2.0% |
| Keithville | $261.7K | $242.5K | -7.4% |
Housing Supply in Shreveport, LA
How many homes are available in Shreveport, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,044 | 1,120 | +7.3% |
Summary: The Shreveport real estate market had 1,120 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 145 | 156 | +7.6% |
| 3 Bedrooms | 574 | 599 | +4.4% |
| 4 Bedrooms | 258 | 290 | +12.4% |
| 5+ Bedrooms | 58 | 65 | +12.1% |
Summary: The Shreveport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 174 | 221 | +27.0% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shreveport, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.
Summary: A total of 221 homes were sold or pending in Shreveport in May 2024, up by 27.0% month-over-month. Of the 221 sold homes, 47% were sold under asking, 39% were sold at asking, and 14% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +8.8% |
Summary: Homes in Shreveport had an average of 52 days on market in May 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
41 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 May 2024, 221 homes were sold in Shreveport; 49% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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