Is Farmerville, LA 71241 a buyer’s or seller’s market?
Farmerville is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 14% of U.S. ZIP codes, and #112 of 170 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 July 31, 2026. See the breakdown
The Farmerville housing market right now
In the three months ending August 31, 2026, 0% of homes in Farmerville, LA 71241 sold above their list price, the typical home went under contract in 40 days and there were 5.7 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 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 6%, homes sold faster (78 days then) and the median sale price fell 15% to $279,379. Overall, Farmerville is more competitive than a year ago, so tougher for buyers.
Within Union Parish, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Marion 71260 (50% sold over asking) and Downsville 71234 (18% sold over asking) are even more competitive.
Run the numbers for 71241
Nearby markets
Bernice 71222Buyer’s market $165 /sq ftDownsville 71234Seller’s market $117 /sq ftLillie 71256Seller’s market $59 /sq ftMarion 71260Balanced $47 /sq ft Browse all markets →Towns like Farmerville nearby
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Questions about Farmerville real estate
Is Farmerville a buyer’s or seller’s market?
A balanced market: there were 5.7 months of supply in Farmerville, LA 71241 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 Farmerville?
The typical home went under contract in 40 days in the latest three months.
Do homes in Farmerville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Farmerville?
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 Farmerville?
The median sale price was $279,379 in the three months ending August 31, 2026, about $145 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