15 hours on RocketVideo tour
$2,078 Closing Credit¹
#20870131, Antonio Zavarce, Listing Office: Hello House
71118 Housing Market Report February 2025•Caddo County, Louisiana
Housing Prices in 71118, LA
How much do homes in 71118, LA cost?
Housing Market Conditions
Is 71118, LA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
71118 is a Seller's Market
Difference Since February 2024
Since last year, 71118 has remained a Seller's Market.
Insight
71118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$170,700$106/SqFt
-$4,300
-2.5%
Based on all homes sold in the last 12 months
Insight
Homes in 71118 have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in 71118 was $170,700 in February 2025, down 2.5% from last year, and the median price per square foot was $106.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $77.5K | N/A |
| 22 Bedrooms | $140K | $124K | -11.4% |
| 33 Bedrooms | $165K | $164.5K | -0.3% |
| 44 Bedrooms | $202.5K | $221.2K | +9.2% |
| 55+ Bedrooms | $300K | $331.7K | +10.6% |
Summary: 71118 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 decreased by -11.4%. The home price for 3 bedroom homes decreased by -0.3%. The home price for 4 bedroom homes increased by +9.2%. The home price for 5 bedroom homes increased by +10.6%.
How does 71118, LA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
71118, LA
Housing supply in 71118, LA
How many homes are available in 71118, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 84Last MonthFeb 2025 | ||
| 822 months agoJan 2025 | +2.4 % Change MoMJan – Feb |
Summary: The 71118 real estate market had 84 homes for sale in Feb 2025, a 2.4 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 17Last MonthFeb 2025 | ||
| 162 months agoJan 2025 | +6.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 3 | -40.0% |
| 33 Bedrooms | 56 | 66 | +17.9% |
| 44 Bedrooms | 18 | 13 | -27.8% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: 71118 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 decreased by -40.0%. The inventory for 3 bedroom homes increased by +17.9%. The inventory for 4 bedroom homes decreased by -27.8%. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in 71118, LA cost?
Over Asking Price2 Homes
At Asking Price7 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in 71118, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 71118 in February 2025, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 41% were sold at asking, and and 12% were sold over asking.
Days on Market for 71118, LA
How long does it take to sell a home in 71118, LA?
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 0 DaysThis YearFeb 2025 | ||
| 52 Days1 year agoFeb 2024 | 0.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 71118 had an average listing age of 0 days in Feb 2025, down by .0% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 71118, LA
What homes are available in 71118, LA?
17 hours on RocketVideo tour
$1,722 Closing Credit¹
#20866230, Mike Powell, Listing Office: 318 Real Estate L.L.C.
1 day on Rocket
$2,482 Closing Credit¹
#20869501, Stan Cole, Listing Office: Century 21 United
2 days on RocketVideo tour
$4,156 Closing Credit¹
#20867933, Joel Hall, Listing Office: RE/MAX UNITED
3 days on RocketVideo tour
$1,395 Closing Credit¹
#20863185, Andy Osborn, Emily Hays, Listing Office: Osborn Hays Real Estate, LLC
5 days on RocketVideo tour
$2,909 Closing Credit¹
#20864642, Casey Tubbs, Listing Office: Diamond Realty & Associates
5 days on RocketVideo tour
$1,657 Closing Credit¹
#20865682, David Martin, Listing Office: David Realty Co
6 days on RocketBackup offersVideo tour
$1,959 Closing Credit¹
#20863707, Rebecca Stevens, Listing Office: Coldwell Banker Apex, REALTORS
6 days on RocketVideo tour
$2,553 Closing Credit¹
#20851985, Tonia Houston, Listing Office: Imperial Realty Group
7 days on RocketVideo tour
$1,900 Closing Credit¹
#20863997, Mary Huckaby, Listing Office: Mary Huckaby Real Estate
7 days on RocketVideo tour
$1,661 Closing Credit¹
#20863995, Derrick Mahoney, Listing Office: Mahoney Elite Realty, LLC
7 days on RocketVideo tour
$2,019 Closing Credit¹
#20863079, Shelia Light, Listing Office: Better Homes And Gardens RE Lindsey Realty
Popular Cities with Homes for Sale in Louisiana
- Homes for sale in Belle Chasse, LA
- Homes for sale in Bossier City, LA
- Homes for sale in Chalmette, LA
- Homes for sale in Covington, LA
- Homes for sale in Destrehan, LA
- Homes for sale in Gretna, LA
- Homes for sale in Hammond, LA
- Homes for sale in Harvey, LA
- Homes for sale in Haughton, LA
- Homes for sale in Kenner, LA
- Homes for sale in Lafayette, LA
- Homes for sale in Mandeville, LA
- Homes for sale in Marrero, LA
- Homes for sale in Metairie, LA
- Homes for sale in Minden, LA
- Homes for sale in New Iberia, LA
- Homes for sale in New Orleans, LA
- Homes for sale in Opelousas, LA
- Homes for sale in Ponchatoula, LA
- Homes for sale in Shreveport, LA
- Homes for sale in Slidell, LA
MLS Disclaimers and Copyright
Based on information from North Texas Real Estate Information Systems Inc., for the period 03/01/2023 - 03/01/2025
©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.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 3/14/2025, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.