Home Prices in Caddo Parish: A Friendly Overview
Hey there, Caddo Parish! If you were curious about what’s happening in the local housing market this past November, you’re in the right place. We dive into the latest data to show you how things are shaping up in our neighborhood.
Price Trends: A Modest Increase
First off, let’s talk about prices. The _median home price in Caddo Parish_ was listed at $202,500 in November. That’s a teeny bit higher than October’s figure, which stood at _202,450 dollars_. So, yes, we’ve seen a slight uptick! However, if we look back a year, it appears that home prices have actually dropped by 4.9% from last November’s median price of _212,998 dollars_. So what does this mean for buyers and sellers? We’re still navigating a somewhat cool market compared to the previous year.
Size and Value: A Peek Inside Our Homes
The average home in Caddo Parish is pretty spacious, coming in at around 1,754 square feet. This translates to an average cost of _111 dollars per square foot_, which is a slight dip of 0.6% from the previous November, so if you’re budgeting, this might be a good time to find a deal!
Days on the Market: Taking Their Sweet Time
Now, what about how quickly homes are selling? Well, listings here are moving a bit slower than the national average. In November, homes in Caddo Parish spent a median of 73 days on the market, which is longer than the national median of 62 days. Just a month prior, homes were listed for a median of _70 days_. This trend may indicate that buyers are being more cautious in their decisions in today’s market.
New Listings: Getting Busier
On a brighter note, there’s been a surge in new listings! November saw around 228 new homes on the market, marking a fun 25.3% increase from the 182 homes listed the previous year. New options are popping up for buyers, so if you’re looking to move, now could be an exciting time to explore!
A Closer Look: Compare and Contrast
If we zoom out and look at the broader Shreveport-Bossier City area, the median home prices are hovering around $249,480. The average home in this area is slightly larger at about 1,846 square feet, and priced at _129 dollars per square foot_. Meanwhile, the statewide median home price in Louisiana stands at about _275,000 dollars_, showing a gentle decrease from October.
Conclusion: A Balancing Act for Buyers and Sellers
In summary, while prices are still somewhat high compared to last year, the slight increase from the previous month coupled with slower selling times points toward a market that’s evening out. Whether you’re in the market to buy or sell, it’s an interesting time to consider your options!
For more insights into your local housing market and various community data, feel free to explore local resources. Happy house hunting, Caddo Parish!
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
