Top Small Teams in Louisiana – Ranked By Sides

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2023 Louisiana Housing Market Summary

Louisiana started 2023 with a total of 9,355 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $159. By the end of the year, inventory had increased to 12,007 homes on the market (+28%), with a median home price of $275,000 (-1%) and an average price per square foot of $157 (-1%).

At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 98 days.

Louisiana started the year with 35% 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 34% of Louisiana homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Louisiana started 2023 as a seller’s market, with an MAI score of 35; by the end of the year, the MAI had dropped to 26 – a buyer’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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