Is Downsville, LA 71234 a buyer’s or seller’s market?
Downsville is a seller’s market. With about 0.3 months of supply and 18% 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 Downsville housing market right now
In the three months ending August 31, 2026, 18% of homes in Downsville, LA 71234 sold above their list price, the typical home went under contract in 41 days and there were 0.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (51 days then) and the median sale price rose 12% to $206,910. Overall, Downsville is less competitive than a year ago, which gives buyers more room.
Within Union Parish, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Spearsville 71277 (0% sold over asking) or Lillie 71256 (0% sold over asking), while Marion 71260 (50% sold over asking) is even more competitive.
Run the numbers for 71234
Nearby markets
Bernice 71222Buyer’s market $165 /sq ftFarmerville 71241Balanced $145 /sq ftLillie 71256Seller’s market $59 /sq ftMarion 71260Balanced $47 /sq ft Browse all markets →Towns like Downsville nearby
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Questions about Downsville real estate
Is Downsville a buyer’s or seller’s market?
A seller’s market: there were 0.3 months of supply in Downsville, LA 71234 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 Downsville?
The typical home went under contract in 41 days in the latest three months.
Do homes in Downsville sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 101.5% of the list price.
What are property taxes in Downsville?
About 0.46% of a home’s value a year in Union Parish, or roughly $1,840 on a $400,000 home.
What is the median home price in Downsville?
The median sale price was $206,910 in the three months ending August 31, 2026, about $117 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