Shreveport-Bossier City, September 12, 2025
News Summary
Shreveport-Bossier City leads Louisiana with a notable 5% increase in home prices over the last six months, reaching a median price of approximately $261,025. This rise is influenced by various market dynamics, including high interest rates and limited affordable inventory. While homes are selling faster, the number sold slightly increased compared to last year. Local trends reveal significant price increases in certain neighborhoods, prompting concerns about housing affordability in the region’s lower price segments.
Shreveport-Bossier City is experiencing a significant surge in home prices, which have risen by 5% over the past six months. This increase positions the area as the leader in Louisiana for home price growth, leaving other major markets trailing behind in comparison.
Current data reveals that the median home price in the Shreveport-Bossier City area is now approximately $261,025. This rise in market value can be attributed to various market dynamics, including a growing interest among potential homebuyers. Factors such as high interest rates, currently around 7%, alongside a lack of affordable inventory, are creating challenges for many prospective buyers.
Despite the increase in prices and average time spent on the market shrinking from 77 days at the start of the year to 62 days by July, the number of homes sold in 2024 has only slightly increased, with 4,398 homes sold compared to 4,390 in 2023, marking a significant drop from the 5,459 homes sold in 2022.
Comparative Trends in Louisiana
Other markets within Louisiana are displaying varied price increases as well, with Baton Rouge, Slidell-Mandeville, and Covington all witnessing a 4% rise. Greater New Orleans reported a 3% increase, Lake Charles saw a 2% uptick, Lafayette experienced only a 1% increase, and Houma-Thibodaux noted a 4% decrease in home prices. Meanwhile, areas outside of Louisiana have expressed notable trends too, like Lansing and East Lansing in Michigan, where home prices skyrocketed by up to 31%.
Future Projections and Market Conditions
Scott Hughes, CEO of the Northwest Louisiana Association of Realtors (NWLAR), highlights that the price increases in Shreveport-Bossier City are not merely a side-effect of skyrocketing living costs or interest rates but instead a reflection of increasingly complex market dynamics. An ongoing class-action lawsuit against the National Association of Realtors has also significantly changed commission structures, which may further affect market behavior.
Moreover, an increase in inventory levels in the Shreveport housing market is anticipated to provide more options for buyers, potentially shifting market dynamics in favor of buyers over sellers. This change could help mitigate some of the escalating housing costs.
Specific Local Market Insights
In localized trends, the Bossier City zip code 71067 saw a staggering 43.74% increase in home prices, while 71104 in Shreveport experienced a 10.81% rise. This suggests that certain neighborhoods are thriving under current market conditions, even amid broader challenges facing the housing market nationwide.
As the real estate environment continues to evolve in Shreveport-Bossier City, realtors are increasingly concerned about the affordability and availability of homes, particularly within the critical market segment priced under $200,000.
In summary, while Shreveport-Bossier City stands as a leader in home price increases in Louisiana, market conditions remain challenging. With rising interest rates and changing buyer preferences, the local housing market’s future will depend on how well it can adapt to these evolving dynamics.
FAQ
What is the current median home price in Shreveport-Bossier City?
How much have home prices increased in Shreveport-Bossier City over the last six months?
What impact do current interest rates have on the housing market?
Key Features of the Housing Market in Shreveport-Bossier City
| Feature | Current Data |
|---|---|
| Median Home Price | $261,025 |
| Price Increase (Last 6 Months) | 5% |
| Average Days on Market (July 2025) | 62 Days |
| Average Price for Typical Home (1,600 sqft) | $240,000 |
| Inventory Levels | Increasing |
| Current Interest Rates | ~7% |
Deeper Dive: News & Info About This Topic
HERE Resources
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Massive Estate Auction Set in Shreveport
Shreveport’s Real Estate Market Navigates Recovery Amid Changes
Massive Estate Auction Set for Creamer Furniture Founder
Shreveport Economy Shows Steady Performance Despite National Downturn Concerns
Shreveport’s Economic Outlook Shows Mixed Signals
Shreveport’s Economic Outlook Shows Cautious Optimism
Bossier Parish Faces Real Estate Market Challenges
Bossier City Real Estate Market Faces Challenges Amid Economic Uncertainty
Construction of New State Office Building Begins in Shreveport
Additional Resources
- Shreveport-Bossier City Home Prices Rise
- Wikipedia: Real Estate in the United States
- Gambling Towns Real Estate Boom
- Google Search: Shreveport Bossier real estate market
- Increase in Millionaires in Shreveport
- Google Scholar: real estate market Louisiana
- Market Predictions for 2024
- Encyclopedia Britannica: Real Estate
- Fastest Growing Home Prices in Louisiana
- Google News: Shreveport Bossier home prices
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.
