Louisiana Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

July 19th, 2021
Updated July 19th, 2021

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Louisiana real estate trends

Real estate trends in Louisiana | Sellers | Buyers | Investors | The best and worst of Louisiana | Louisiana resources

Louisiana real estate trends (July 2021)

How is the real estate market in Louisiana?
🏠 Average home value: $186,064
📈 0.84% home value increase month over month
💰 Median sale price: $260,000
⏳ 75 days on the market
🔑 Homes on the market: 7,617
📆 0.8 months of housing inventory
🏦 30-year mortgage rate: 3.07%
💵 Average income: $49,469
State of the market: C+
Listing prices are flat in Louisiana, suggesting that sellers in the state are uncertain how much demand is out there. And since listings are staying on the market much longer than the national average, sellers are right to be cautious — but buyers might be able to snag a deal.
*Data last updated July 2021

A southern state perched on the Gulf of Mexico, Louisiana has a unique culture that blends Spanish, French, and Acadian (Cajun) traditions.

Every March, New Orleans hosts roughly 1.4 million visitors who descend for its lively Mardi Gras celebrations. But year-round, Louisiana residents enjoy the state's affordable cost of living, highly rated public schools, and mix of small towns and bustling cities.

The Bayou State has a warm climate and a landscape featuring wetlands, river plains, and marshes.

If you're thinking of buying or selling in Louisiana, these Louisiana housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Louisiana

Louisiana real estate market forecast for sellers
⏰ Homes are selling 32 days faster than the annual average
💰 Homes are selling for $16,821 more than the annual average
💸 Average listing commission: 2.59%
💸 Average buyer's commission: 2.59%

How to sell a home in Louisiana

Cost to sell a home in Louisiana

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Buying a home in Louisiana

How much home you can buy with $300,000 in...
🏠 New Orleans: 1,676 sq ft
🏡 Lafayette: 2,208 sq ft
🏡 Baton Rouge: 1,969 sq ft
🏠 Shreveport: 2,924 sq ft

Investing in Louisiana real estate

Best of Louisiana

Each month, we compare cities in Louisiana based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Louisiana
1. Lake Charles
2. Opelousas
3. Hammond
4. Monroe
5. Houma-Thibodaux

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Worst of Louisiana

Each month, we compare cities in Louisiana based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Louisiana
1. New Orleans-Metairie
2. Shreveport-Bossier City
3. Alexandria
4. Lafayette
5. Baton Rouge

Louisiana resources

👋 Next Steps: Talk to an expert!

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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