Markets › Louisiana
Louisiana housing market
In the Pelican State, part of the Census Bureau's West South Central division, Pecan Street tracks 10 markets. Median sale prices run from $193K in Slidell (city figure) to $295K in New Orleans over Jul–Sep 2026. Seven of 10 are higher than a year earlier and three are lower; Monroe leads at +10.0% and Hammond trails at -2.5%.
Homes sit longest in Houma (95 median days on market) and sell fastest in Monroe (64 days). The share of active listings with a price cut runs from 19% in Houma to 36% in Monroe. Price-to-rent ratios run from about 13 in New Orleans to 16 in Monroe, measured as years of HUD Fair Market Rent per median sale price. Among the 385 U.S. metros Pecan Street tracks, the Houma metro has the 7th-most median days on market and the Lake Charles metro the 12th-lowest share of listings with a price cut. Louisiana's unemployment rate was 4.0% in Sep 2026 (BLS via FRED), below the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Alexandria | $214K | -0.9% | 74 | 30% | ≈ 13 |
| Baton Rouge | $272K | -0.8% | 76 | 28% | ≈ 16 |
| Hammond | $250K | -2.5% | 77 | 32% | ≈ 15 |
| Houma | $235K | +4.2% | 95 | 19% | ≈ 15 |
| Lafayette | $242K | +2.7% | 81 | 30% | ≈ 15 |
| Lake Charles | $236K | +0.4% | 74 | 20% | ≈ 13 |
| Monroe | $251K | +10.0% | 64 | 36% | ≈ 16 |
| New Orleans | $295K | +4.8% | 75 | 26% | ≈ 13 |
| Shreveport | $246K | +3.0% | 70 | 34% | ≈ 15 |
| Slidell | $193K city only | +0.5% | 72 | 30% | — |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide. “City only” marks a metro whose median is its principal city's while a county is missing from the closed-sale source.
Recent signals
No market signals flagged across this state right now.