What's Happening?
In Ouachita Parish, Louisiana, the median home listing price in October was $266,700, slightly up from September's $265,650. Compared to October 2024, the median price increased by 3.2%. The median home size
was 1,950 square feet, with a price of $135 per square foot, up 2.3% from the previous year. Homes in Ouachita Parish were listed for a median of 62 days, slightly shorter than the national median of 63 days. The number of new listings remained the same as October 2024, with 124 homes newly listed.
Why It's Important?
The slight increase in home prices in Ouachita Parish indicates a stable demand in the local housing market, which could affect affordability for buyers. The consistent number of new listings suggests a steady inventory, providing opportunities for buyers and maintaining competition among sellers. These trends are significant 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.
