$3,159 Closing Credit*
$266,000
1,847 SqFt
4 Beds
•2 Full Baths
Sean Hettich, Listing Office: Real Broker, LLC
Is Broussard, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Broussard was a Neutral Market.
Key Takeaway
Broussard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broussard, LA
How much do homes in Broussard, LA cost?
Median Sold Price
$298,980
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,980(+1.3%)
Key Takeaway
Homes in Broussard have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Broussard was $298,980 in November 2024, up 1.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $135K | $139.9K | +3.6% |
| 3 Bedrooms | $259.5K | $270K | +4.0% |
| 4 Bedrooms | $373K | $382.5K | +2.5% |
| 5+ Bedrooms | $497.2K | $746K | +50.0% |
Summary: Broussard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Broussard | $295K | $298.9K | +1.3% |
| Youngsville | $274K | $270.4K | -1.3% |
| Lafayette | $239.8K | $234.8K | -2.1% |
Housing Supply in Broussard, LA
How many homes are available in Broussard, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 143 | 141 | -1.4% |
Summary: The Broussard real estate market had 141 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 82 | 88 | +7.3% |
| 4 Bedrooms | 52 | 46 | -11.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Broussard 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 25%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broussard, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Broussard in November 2024, down by 7.7% month-over-month. Of the 24 sold homes, 29% were sold under asking, 58% were sold at asking, and 13% were sold over asking.
Days on Market for Broussard, LA
How long does it take to sell a home in Broussard, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 77 Days | +95.8% |
Summary: Homes in Broussard had an average of 77 days on market in Nov 2024, up by 95.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broussard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Broussard; 46% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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