Is Gilliam, LA 71029 a buyer’s or seller’s market?
Gilliam is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Gilliam housing market right now
In the three months ending August 31, 2026, 0% of homes in Gilliam, LA 71029 sold above their list price, the typical home went under contract in 71 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $214,907, or about $107 per square foot.
Within Caddo Parish, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mooringsport 71060 (60% sold over asking) and Shreveport 71118 (23% sold over asking) are even more competitive.
Run the numbers for 71029
Nearby markets
Belcher 71004Seller’s market $86 /sq ftBethany 71007Seller’s market $152 /sq ftGreenwood 71033Balanced $77 /sq ftHosston 71043Seller’s market $70 /sq ft Browse all markets →Where Gilliam is
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Questions about Gilliam real estate
Is Gilliam a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Gilliam, LA 71029 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 Gilliam?
The typical home went under contract in 71 days in the latest three months.
Do homes in Gilliam sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.
What are property taxes in Gilliam?
About 0.62% of a home’s value a year in Caddo Parish, or roughly $2,480 on a $400,000 home.
What is the median home price in Gilliam?
The median sale price was $214,907 in the three months ending August 31, 2026, about $107 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