Is Theriot, LA 70397 a buyer’s or seller’s market?
Theriot is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Theriot housing market right now
In the three months ending August 31, 2026, 0% of homes in Theriot, LA 70397 sold above their list price and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (344 days then) and the median sale price rose 52% to $406,274. Overall, Theriot is less competitive than a year ago, which gives buyers more room.
Within Terrebonne Parish, homes here sell less often over asking than in any other ZIP code in the county.
Nearby, Houma 70360 (14% sold over asking) and Houma 70363 (13% sold over asking) are even more competitive.
Run the numbers for 70397
Nearby markets
Chauvin 70344Buyer’s market $94 /sq ftDulac 70353Buyer’s market $114 /sq ftGibson 70356Seller’s market $166 /sq ftGray 70359Balanced $158 /sq ft Browse all markets →Where Theriot is
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Questions about Theriot real estate
Is Theriot a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Theriot, LA 70397 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Theriot sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.4% of the list price.
What are property taxes in Theriot?
About 0.45% of a home’s value a year in Terrebonne Parish, or roughly $1,800 on a $400,000 home.
What is the median home price in Theriot?
The median sale price was $406,274 in the three months ending August 31, 2026, about $156 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology