Is Broussard, LA 70518 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Broussard is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score34/ 100

More competitive than 32% of U.S. ZIP codes, and #46 of 160 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply4.3Under 4 months = seller’s market
Sold above original list15.8%Share of sales, last 3 months
Median sale-to-list98.4%Sold price ÷ list price
Median days on market59Listing to accepted offer
Median price per sq ft$154▲ +1.2% vs. last year

The Broussard housing market right now

In the three months ending August 31, 2026, 16% of homes in Broussard, LA 70518 sold above their list price, the typical home went under contract in 59 days and there were 4.3 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. That’s based on 78 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold more slowly (50 days then) and the median sale price rose 9% to $291,462. Overall, Broussard is more competitive than a year ago, so tougher for buyers.

Within Lafayette Parish, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Broussard ranks #46 of 160 LA ZIP codes with enough sales (score 34 out of 100).

Nearby, buyers who want less competition could look at Carencro 70520 (5% sold over asking) or Lafayette 70501 (5% sold over asking).

Nearby markets

Carencro 70520Balanced $145 /sq ftDuson 70529Seller’s market $137 /sq ftLafayette 70501Balanced $79 /sq ftLafayette 70503Balanced $144 /sq ft Browse all markets →

Where Broussard is

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Questions about Broussard real estate

Is Broussard a buyer’s or seller’s market?

A balanced market: there were 4.3 months of supply in Broussard, LA 70518 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Broussard?

The typical home went under contract in 59 days in the latest three months.

Do homes in Broussard sell over asking?

16% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.

What are property taxes in Broussard?

About 0.57% of a home’s value a year in Lafayette Parish, or roughly $2,280 on a $400,000 home.

What is the median home price in Broussard?

The median sale price was $291,462 in the three months ending August 31, 2026, about $154 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