Is West Monroe, LA 71292 a buyer’s or seller’s market?
West Monroe is a seller’s market. With about 3.3 months of supply and 5% 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.
More competitive than 39% of U.S. ZIP codes, and #32 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
The West Monroe housing market right now
In the three months ending August 31, 2026, 5% of homes in West Monroe, LA 71292 sold above their list price, the typical home went under contract in 25 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 38 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (5% then), homes sold faster (41 days then) and the median sale price rose 5% to $264,885. Overall, West Monroe is more competitive than a year ago, so tougher for buyers.
Within Ouachita Parish, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, West Monroe ranks #32 of 160 LA ZIP codes with enough sales (score 40 out of 100).
Nearby, West Monroe 71291 (12% sold over asking) and Monroe 71201 (9% sold over asking) are even more competitive.
Run the numbers for 71292
Nearby markets
Calhoun 71225Seller’s market $170 /sq ftMonroe 71201Seller’s market $130 /sq ftMonroe 71202Balanced $66 /sq ftMonroe 71203Seller’s market $132 /sq ft Browse all markets →Towns like West Monroe nearby
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Questions about West Monroe real estate
Is West Monroe a buyer’s or seller’s market?
A seller’s market: there were 3.3 months of supply in West Monroe, LA 71292 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 West Monroe?
The typical home went under contract in 25 days in the latest three months.
Do homes in West Monroe sell over asking?
5% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in West Monroe?
About 0.54% of a home’s value a year in Ouachita Parish, or roughly $2,160 on a $400,000 home.
What is the median home price in West Monroe?
The median sale price was $264,885 in the three months ending August 31, 2026, about $138 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