Louisiana Real Estate Market May 2022: Forecasts + Trends

Louisiana real estate trends (May 2022)

How is the real estate market in Louisiana?
🏠 Average home value: $217,333	📈 0.07% home value increase month over month
💰 Median sale price: $272,500	⏳ 59 days on the market
🔑 Homes on the market: 10,621	📆 2.1 months of housing inventory
🏦 30-year mortgage rate: 5.59000%	💵 Average income: 50800
State of the market: C+
Home values are plateauing and inventory is increasing — both of which are signs that the real estate market in Louisiana is cooling off.
_{Data last updated May 2022}*

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.

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Selling a home in Louisiana

Louisiana real estate market forecast for sellers
⏰ Homes are selling 5 days slower than the annual average	💰 Homes are selling for $3,093 more than the annual average
💸 Average listing commission: 2.72%	💸 Average buyer's commission: 2.72%

How to sell a home in Louisiana

Cost to sell a home in Louisiana

What's The Average Louisiana Real Estate Commission In 2021?

Buying a home in Louisiana

How much home you can buy with $300,000 in...
🏠 New Orleans: 1,676 sq ft	🏡 Lafayette: 2,069 sq ft
🏡 Baton Rouge: 1,852 sq ft	🏠 Shreveport: 2,609 sq ft

Investing in Louisiana real estate

Best of Louisiana

💡 Did you know…

Whether you're in the mood for brunch cocktails, a classic Southern breakfast, or an elegant Creole creation, you'll have plenty of tasty options in New Orleans. With 20 brunch restaurants per capita (compared to the national average of 7), this city is sure to satisfy even the pickiest breakfast enthusiast.

» Hungry for more info? 🍳 Read our full study here: The Best Brunch Cities in America

Each month, we compare locations in Louisiana based on different criteria. This month, we're looking at levels of happiness and ranking the best parishes in the state.

Happiest Parishes in Louisiana
1. St. Tammany Parish
2. Cameron Parish
3. Ascension Parish
4. St. Charles Parish
5. Jefferson Parish

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Worst of Louisiana

Each month, we compare locations in Louisiana based on a different criteria. This month we're looking at levels of happiness data. These are the parishes that ranked the worst in the state.

Least Happy Parishes in Louisiana
1. East Carroll Parish
2. Madison Parish
3. Tensas Parish
4. Claiborne Parish
5. Evangeline Parish

Louisiana resources

Frequently asked questions about Louisiana real estate

Currently, it is a seller’s market in Louisiana. Despite sales prices being much higher than estimated values, houses are still selling fast. While that's the general trend in the state, each particular city and town is different, which is why it’s important to check in with a real estate agent to find out the latest local trends.

Yes, Louisiana is a good state to invest in real estate, particularly in bigger cities like New Orleans and Baton Rouge. However, maximizing your investment requires a lot of preparation, such as planning out your finances and creating a thorough property management plan. Check out our guide to real estate investing to learn more.

It might not be the best time to purchase a house in Louisiana right now. Listing prices are much higher than normal, and mortgage rates in the state are on the rise. To figure out all your options, then work with a top real estate agent.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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.

Louisiana Real Estate Market in 2022: Forecasts + Trends