Is Grand Coteau, LA 70541 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market34Listing to accepted offer

Median price per sq ft$42▼ −67.3% vs. last year

The Grand Coteau housing market right now

In the three months ending August 31, 2026, 0% of homes in Grand Coteau, LA 70541 sold above their list price and the typical home went under contract in 34 days. With only 1 sale, 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 faster (133 days then) and the median sale price fell 81% to $34,985. Overall, Grand Coteau is more competitive than a year ago, so tougher for buyers.

Within St. Landry Parish, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Opelousas 70570 (7% sold over asking) and Sunset 70584 (5% sold over asking) are even more competitive.

About the area

St. Landry Parish, LA

Population	858
Median income	$48,264
Average income	$45,715
Median home value	$88,400
Median rent	$683/month
Owner-occupied	33% of homes
Median year built	1966

Natural hazard riskTornadoes (relatively high), hurricanes (moderate), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 70541; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 70541

Prefilled for 70541Can I win this house?Multiple-offer likelihood for a listing Prefilled for 70541Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arnaudville 70512Balanced $154 /sq ft Krotz Springs 70750Buyer’s market $133 /sq ft Leonville 70551 — /sq ft Melville 71353 — /sq ft Browse all markets →

Where Grand Coteau is

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Questions about Grand Coteau real estate

How fast do homes sell in Grand Coteau?

The typical home went under contract in 34 days in the latest three months.

Do homes in Grand Coteau sell over asking?

0% of homes sold above their original list price.

What are property taxes in Grand Coteau?

About 0.29% of a home’s value a year in St. Landry Parish, or roughly $1,160 on a $400,000 home.

What is the median home price in Grand Coteau?

The median sale price was $34,985 in the three months ending August 31, 2026, about $42 per square foot.

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More tools for 70541

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value St. Landry Parish property taxes St. Landry Parish loan limits Closing costs in Louisiana Hottest ZIP codes in Louisiana

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology