The Louisiana Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Louisiana

💡 Key Louisiana housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $202,392[1]#48 of 50 states44.8% lower
Median Listing Price $279,000[2]#47 of 50 states36.2% lower
Median Sale Price $253,700[3]#43 of 50 states37.8% lower
30 Year Mortgage Rate 7.02%[4]#29 of 50 states0.6% higher
Median Days on Market 68[5]#47 of 50 states36.2% longer
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🗺️ Buying a house in the Louisiana real estate market

Louisiana has an affordability score of 5, meaning it takes 5 years of the median household income ($50,800) to afford Louisiana's median home sale price ($253,700). Because of this, we rank Louisiana as the 16th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $253,700[6]#43 of 50 states37.8% lower
30 Year Mortgage Rate 7.02%[7]#29 of 50 states0.6% higher
Median Household Income $50,800[8]#47 of 50 states21.3% lower
Affordability Ratio 5.0#16 of 50 states20.1% lower
Buyers Agent Commission 2.67%[9]#25 of 50 states0.2% lower
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Resources for Louisiana home buyers

🗺️ Selling a house in the Louisiana real estate market

According to our detailed survey of Louisiana real estate agents, listing agents (those representing the seller) charge an average commission in Louisiana of 2.89%, which is the 21st highest in the United States. Buyers' agents charge an average commission of 2.67%, which is the 25th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $279,000[10]#47 of 50 states36.2% lower
Median Sale Price $253,700[11]#43 of 50 states37.8% lower
Median Days on Market 68[12]#47 of 50 states36.2% longer
Buyer's Agent Commission 2.67%[13]#25 of 50 states0.2% lower
Listing Agent Commission 2.89%[14]#30 of 50 states1.1% higher
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Resources for Louisiana home sellers

Moving to Louisiana

According to our recent moving trends survey[15], 7% of Americans indicated that they would choose to move to Louisiana if money were no object. Likewise, 10% of survey respondents indicated that they would move to New Orleans among a choice of America's largest cities. Among medium-sized cities, 12% indicated that they would move to Baton Rouge.

Here's how Louisiana cities rank in a number of our research studies.

StudyBest Louisiana cityRank
Best Pizza Cities[16]New Orleans29th best
Best Coffee Cities[17]New Orleans11th best
Best LGBTQ Cities[18]New Orleans10th best
Best Bike Cities[19]New Orleans30th best
Best Commuter Cities[20]New Orleans39th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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