$8,894 Closing Credit*
$749,000
3,249 SqFt
4 Beds
•4 Full Baths, 2 Partial
Rusty Steel, Listing Office: EXP Realty, LLC
Is Broussard, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Broussard has remained a Seller's 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
$299,509
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,509(+3.3%)
Key Takeaway
Homes in Broussard have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Broussard was $299,509 in October 2024, up 3.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $135K | $139.9K | +3.6% |
| 3 Bedrooms | $260K | $270.2K | +3.9% |
| 4 Bedrooms | $369.4K | $380K | +2.8% |
| 5+ Bedrooms | $675K | $746K | +10.5% |
Summary: Broussard housing prices by bedroom type for October 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 3.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Broussard | $290K | $299.5K | +3.3% |
| Youngsville | $272.8K | $270.8K | -0.7% |
| Lafayette | $239.9K | $234.2K | -2.4% |
Housing Supply in Broussard, LA
How many homes are available in Broussard, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 139 | -1.4% |
Summary: The Broussard real estate market had 139 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 78 | 78 | 0.0% |
| 4 Bedrooms | 50 | 52 | +4.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Broussard 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broussard, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Broussard in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 40% were sold under asking, 52% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 57 Days | +31.3% |
Summary: Homes in Broussard had an average of 57 days on market in Oct 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 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 October 2024, 25 homes were sold in Broussard; 44% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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