Home values in Ellerbe Woods have been edging upward in this rolling three-month view, with the typical home value up about 4% from a year ago and running well ahead of the broader Shreveport median. Sellers are also asking more, as the median list price has climbed more than 13% year over year, signaling steady confidence at the higher end of the local market. Compared with the city overall, where the median sale price is closer to $200,000, Ellerbe Woods continues to stand out as a higher-priced pocket. This mix of rising prices and stronger list figures suggests sustained demand, even as some other indicators cool.
Listing and contract activity show a market that is active but not overheated. Active listings are down nearly 14% from a year ago, while new listings have dropped about 15%, so buyers have fewer options to choose from. At the same time, pending sales are down almost 32% year over year, pointing to softer contract activity despite the higher prices.
Homes that do hit the market are moving a bit faster than last year, with the median days on market now around five weeks and lower than a year ago. Months of supply has risen to about 4.4 months, up sharply from last year and close to the broader Shreveport level, indicating more balance between buyers and sellers. Only about 8% of recent sales closed above list price, and the average sale-to-list ratio is just under 98%, showing that pricing is relatively tight but not overly aggressive. In this kind of nuanced environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with an Ellerbe Woods agent who knows how to navigate these trends.
