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 October 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

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$41,000(-15.7%)

Key Takeaway

Homes in Breaux Bridge have sold for 15.7% less than they did a year ago.

Summary: The median home sold price in Breaux Bridge was $220,000 in October 2024, down 15.7% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $184K$159.9K
-13.1%
2 $140K$137.5K
-1.8%
3 $242.5K$225K
-7.2%
4 $299.5K$323K
+7.8%
5+ $437.5K$342.5K
-21.7%

Summary: Breaux Bridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 21.7%.

Housing Supply in Breaux Bridge, LA

How many homes are available in Breaux Bridge, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8283+1.2%

Summary: The Breaux Bridge real estate market had 83 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 88
0.0%
3 4949
0.0%
4 1819
+5.6%
5+ 33
0.0%

Summary: The Breaux Bridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11110.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was 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. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Breaux Bridge in October 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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

Oct 2023Oct 2024CHANGE
36 Days69 Days+91.9%

Summary: Homes in Breaux Bridge had an average of 69 days on market in Oct 2024, up by 91.9% compared to last year.

Breakdown of Home Sale Times

6 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 October 2024, 11 homes were sold in Breaux Bridge; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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

Newest Listings in Breaux Bridge, LA

Nearby Markets to Breaux Bridge, LA