Louisiana Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate's Photo
By Clever Real Estate Updated September 1, 2023

SHARE

Louisiana real estate trends

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

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 1.5% or $3K in listing fees. Eligible buyers get 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 17 days slower than the annual average 💰 Homes are selling for $707 less than the annual average
💸 Average listing commission: 2.72% 💸 Average buyer's commission: 2.72%
Show more

How to sell a home in Louisiana

Cost to sell a home in Louisiana

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just 1.5%. On average, Clever sellers save $7,000 on commission!

Our agent matching service is 100% free with zero obligation.

Buying a home in Louisiana

How much home you can buy with $300,000 in...
🏠 New Orleans: 1,667 sq ft 🏡 Lafayette: 2,027 sq ft
🏡 Baton Rouge: 1,818 sq ft 🏠 Shreveport: 2,632 sq ft
Show more

Investing in Louisiana real estate

Best of Louisiana

💡 Did you know…

The Clever Data Center ranked New Orleans as the #1 best brunch city in the country?

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
Show more

Ready to buy a home in Louisiana? Eligible buyers get cash back with Clever!

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
Show more

Louisiana resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

Frequently asked questions about Louisiana real estate

Is it a buyer's or seller's market in Louisiana?

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.

Is Louisiana a good state to invest in real estate?

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.

Is it a good time to buy a house in Louisiana?

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.

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area
If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.