Louisiana Real Estate Market: Forecasts + Trends

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By Clever Real Estate Updated February 16, 2023

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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: 2.89% 💸 Average buyer's commission: 2.67%
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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: 1,667 sq ft 🏡 Lafayette: 2,027 sq ft
🏡 Baton Rouge: 1,818 sq ft 🏠 Shreveport: 2,632 sq ft
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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
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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
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Louisiana resources

👋 Next Steps: Talk to an expert

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

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When you enter your info below, we'll ask you a few questions about your situation via a short form. Then our concierge team will be in touch shortly to help.

This service is free, and there’s never any obligation to move forward with us.

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.

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