Louisiana’s real estate market presents a nuanced landscape, characterized by modest statewide price growth, declining sales volume, and regional disparities in market performance. Here’s a comprehensive overview:
🏠 Statewide Market Overview
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Median Sale Price: In April 2025, the median home sale price in Louisiana was $251,900, reflecting a 1.5% increase compared to the previous year.
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Average Home Value: The average home value stood at $208,234, marking a 0.4% decrease year-over-year.
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Homes Sold: A total of 3,258 homes were sold in April 2025, a 12.1% decline from April 2024.
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Median Days on Market: Homes spent a median of 68 days on the market in April 2025, indicating a slight improvement in market pace.
📊 Market Dynamics
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Inventory Levels: There were 15,833 homes for sale in April 2025, a 5.5% decrease year-over-year. New listings totaled 3,925, down 8.8% from the previous year.
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Months of Supply: The market had an average of 4 months of supply, suggesting a balanced environment between buyers and sellers.
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Sale-to-List Price Ratio: Homes sold for approximately 97.2% of their list price, indicating that properties are generally selling close to asking prices.
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Price Adjustments: About 31.6% of homes experienced price drops, up from 24.0% the previous year, suggesting increased price sensitivity among buyers.
🌆 Regional Highlights
New Orleans
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Median Sold Price: The median sold price was $319,000.
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Median Days on Market: Homes spent a median of 84 days on the market, indicating a slower pace compared to the state average.
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Inventory: The city had approximately 8 months of inventory, reflecting a buyer-friendly market.
Lake Charles
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Price Trends: Home prices in Lake Charles are projected to decline by 9.6% by August 2025, offering potential opportunities for buyers.
Kenner and Metairie
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Kenner: Experienced a 34.2% increase in home prices, reaching a median of $299,000.
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Metairie: Saw a 10.3% rise in home prices, with a median of $320,000.
🔮 Market Outlook
The Louisiana housing market is expected to remain balanced through the remainder of 2025. While certain regions like Lake Charles may experience price declines, areas such as Kenner and Metairie are witnessing significant growth. Overall, the state’s affordability continues to attract buyers, and the market dynamics suggest a stable environment for both buyers and sellers.
📝 Conclusion
Louisiana’s real estate market in 2025 is characterized by modest statewide growth, regional variances, and a balanced supply-demand dynamic. Buyers may find opportunities in areas experiencing price adjustments, while sellers in high-demand regions can capitalize on appreciating values. Staying informed about local market trends will be crucial for making strategic real estate decisions in the current landscape.