71107 Housing Market Report February 2025•Caddo County, Louisiana

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Housing Prices in 71107, LA

How much do homes in 71107, LA cost?

Housing Market Conditions

Is 71107, LA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

71107 is a Buyer's Market

Difference Since February 2024

At the same time last year, 71107 was a Neutral Market.

Insight

71107 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$197,000$118/SqFt
-$30,750
-13.5%

Based on all homes sold in the last 12 months

Insight

Homes in 71107 have sold for 13.5% less than they did a year ago.

Summary: The median home sold price in 71107 was $197,000 in February 2025, down 13.5% from last year, and the median price per square foot was $118.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
71109
+4.1%
71119
-4.8%
71103
-13.0%
71107
-13.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$85K$136.2K
+60.3%
3$203.5K$189.9K
-6.7%
4$285.2K$247K
-13.4%
5$335.1K$388.5K
+15.9%

Summary: 71107 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +60.3%. The home price for 3 bedroom homes decreased by -6.7%. The home price for 4 bedroom homes decreased by -13.4%. The home price for 5 bedroom homes increased by +15.9%.

How does 71107, LA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

71107, LA

Housing supply in 71107, LA

How many homes are available in 71107, LA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
88Last MonthFeb 2025
942 months agoJan 2025
-6.4 %
Change MoMJan – Feb

Summary: The 71107 real estate market had 88 homes for sale in Feb 2025, a 6.4 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthFeb 2025
162 months agoJan 2025
-50.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
278
+14.3%
36151
-16.4%
42428
+16.7%
521
-50.0%

Summary: 71107 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes decreased by -16.4%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in 71107, LA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in 71107, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 71107 in February 2025, down by 50.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and and 13% were sold over asking.

Days on Market for 71107, LA

How long does it take to sell a home in 71107, LA?

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
0 DaysThis YearFeb 2025
62 Days1 year agoFeb 2024
0.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 71107 had an average listing age of 0 days in Feb 2025, down by .0% compared to the previous year.

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Newest Listings in 71107, LA

What homes are available in 71107, LA?

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MLS Disclaimers and Copyright

Based on information from North Texas Real Estate Information Systems Inc., for the period 03/01/2023 - 03/01/2025

IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 3/13/2025, 6:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.