What's Happening?
In St. Landry Parish, Louisiana, the median home listing price in October was $194,800, slightly up from September's $194,625. Compared to October 2024, the median price increased by 3.8%. The median home size
was 1,714 square feet, with a price of $107 per square foot, down 1.3% from the previous year. Homes in St. Landry Parish were listed for a median of 82 days, longer than the national median of 63 days. The number of new listings increased by 8.3% compared to October 2024, with 52 homes newly listed.
Why It's Important?
The slight increase in home prices in St. Landry Parish suggests a stable demand in the local housing market, which could impact affordability for buyers. The rise in new listings indicates a growing inventory, potentially leading to more options for buyers and increased competition among sellers. These trends are important for real estate investors and local economic planners, as they reflect the area's economic health and housing market dynamics. Understanding these changes can help stakeholders make informed decisions regarding property investments and community development.
