Is Breaux Bridge, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Breaux Bridge is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Breaux Bridge has remained a Buyer's Market.

Key Takeaway

Breaux Bridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Breaux Bridge, LA

How much do homes in Breaux Bridge, LA cost?

Median Sold Price

$220,000

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$38,500(-14.9%)

Key Takeaway

Homes in Breaux Bridge have sold for 14.9% less than they did a year ago.

Summary: The median home sold price in Breaux Bridge was $220,000 in November 2024, down 14.9% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $184K$168.9K
-8.2%
2 $164K$112.5K
-31.4%
3 $234K$227.9K
-2.6%
4 $304.5K$317.5K
+4.3%
5+ $361K$450K
+24.7%

Summary: Breaux Bridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 31.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 24.7%.

Housing Supply in Breaux Bridge, LA

How many homes are available in Breaux Bridge, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8783-4.6%

Summary: The Breaux Bridge real estate market had 83 homes for sale in November 2024, a 4.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 97
-22.2%
3 5147
-7.8%
4 2023
+15.0%
5+ 32
-33.3%

Summary: The Breaux Bridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Breaux Bridge, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Breaux Bridge in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Breaux Bridge, LA

How long does it take to sell a home in Breaux Bridge, LA?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days57 Days+29.9%

Summary: Homes in Breaux Bridge had an average of 57 days on market in Nov 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Breaux Bridge are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Breaux Bridge; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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