Louisiana started 2024 with a total of 11,792 single-family homes on the market, with a median home price of $275,000 and an average price per square foot of $157.72. By the end of the year, inventory had increased to 13,683 homes on the market (+16%), with a median home price of $275,000 (+0%), and an average price per square foot of $160 (+1%).
At the start of 2024, the median days on market (DOM) was 98 days – by the end of the year, median DOM had increased to 105 days.
Louisiana started the year with 33.15% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 35.12% of homes for sale had taken a price cut.
