Bayou Region, Louisiana · Terrebonne and Lafourche Parishes
Selling a home in Bayou Region
Houma homes sold for a median of $250,000 over July through September 2026, in a median of 48 days, at 97.4% of list (ROAM MLS). Thibodaux matched it on price at $250,000 and sold faster, in a median of 28 days at 98.7% of list. Both parishes make homestead permanent once granted, both send tax bills late in the year for a December 31 due date, and both publish flood tools their buyers use before they ever call an agent.
Reviewed by Nicole Gaudet, REALTOR®
Updated October 3, 2026 · Market data refreshed monthly
Bayou Region market
What homes are actually doing
Median sale price and speed of sale, next to the markets Bayou Region sellers compare against. Each row carries its own period — they are not all the same window.
| Area | Median sale price | vs. last year | Days on market | Sale-to-list |
|---|---|---|---|---|
| Houma | $250,000 | — | 48 | 97.4% |
| Thibodaux | $250,000 | −0.4% | 28 | 98.7% |
| New Orleans | $340,000 | −1.5% | 65 | 95.9% |
Source: ROAM MLS closed residential sales, July 1 – September 30, 2026, compared with the same period of 2025; New Orleans and Metairie rows: Redfin housing market data for the period shown. Based on information from the ROAM MLS for the period 07/01/2026 through 09/30/2026. Updated monthly.
Sources: ROAM MLS closed sales, July through September 2026; U.S. Census Bureau QuickFacts. Owner-estimated value and actual sale price measure different things and will not match.
Neighborhoods and subdivisions we get asked about here:
Property tax
Homestead, freezes and when the bill lands
Terrebonne and Lafourche Parishes publishes these. Where the parish does not publish a figure, we say so instead of guessing — an out-of-date number costs you more than a missing one.
Homestead exemption
Both parishes exempt the first $7,500 of assessed value on your primary residence. Terrebonne's assessor works it as an example: a $100,000 home is assessed at $10,000, less the $7,500 exemption, leaving $2,500 taxable.
How you file it
Filed with the parish assessor's office. Once granted it is permanent for as long as you own and live there - Louisiana law names both Terrebonne and Lafourche among the parishes where homestead registration does not need renewing. Neither parish publishes an online filing option or a deadline.
When the bill comes
The sheriff's office in each parish mails the notices. Both state that annual parish bills go out in the latter part of the year and are due by December 31. In Thibodaux the city mails and collects its own municipal notice separately, so watch for two bills.
Freezes and extra exemptions
Homestead holders 65 or older can freeze their assessed value if their income is under the parish limit. Both parishes publish a limit that is several years old and both warn it changes annually, so call the assessor for the current figure rather than trusting a published number. The freeze extends to a surviving spouse aged 55 or older and is lost if improvements exceed 25% of the home's value. Neither parish publishes a disability or disabled-veteran freeze.
Source: Terrebonne and Lafourche Parish Assessors and the parish tax collector. Confirm current figures with the assessor before you rely on them. When you sell, your share of the year's taxes is prorated through the closing date and credited to the buyer.
Flood
The question every buyer asks first
Louisiana's property disclosure document makes you state the flood zone, where you got it, whether the property has ever flooded, and whether you have made a flood claim.
Terrebonne runs a flood insurance rate map viewer, an elevation certificate database and a repetitive loss area map, and the parish floodplain administrator will do a free special flood hazard area determination on request. Lafourche Parish points residents at the LSU AgCenter flood map tool for the parish.
Look it up before you list, not after you are under contract. A buyer who discovers the zone during their inspection period renegotiates. A buyer who saw it in the disclosure before they wrote the offer priced it in.
Terrebonne Parish floodplain management →
What the zone means, whether insurance is required, and whether you can hand your policy to the buyer: our Louisiana flood zone and insurance guide.
Have these before you list
- Flood zone
- And its source
- Elevation certificate
- If one exists
- Current flood policy
- Declarations page
- Past claims
- NFIP and private, separately
- Federal assistance received
- Agency, amount, purpose
- Why it matters
- All of it is on the state form
How we sell
What we do in Bayou Region
Try the net sheet calculator with your own numbers for your Bayou Region home.
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Seriously the best realtor in Baton Rouge, LA! They made buying our home fun and easy, always answered our question and were super professional. Thank you so much Nicole and team!
When it came to finding a home I honestly can’t thank this team enough. Nicole and her amazing team of expert realtors in Louisiana made the whole process feel sooo smooth and stress free. They listened to what I wanted, answered every questions and were always so quick to communicate. It really felt like they were just as invested in finding the perfect place for me as I was! If you’re looking for a team that genuinely cares and knows the Louisiana market, Nicole and her team are the ones you want by your side. Highly recommend!
Questions
Selling in Bayou Region, answered
How much are homes selling for in Houma and Thibodaux?
Houma: a median of $250,000 over July through September 2026, at 97.4% of list. Thibodaux: a median of $250,000, down 0.4% from a year earlier, at 98.7% of list (ROAM MLS).
How long does it take to sell a house in the Bayou Region?
A median of 48 days on market in Houma and 28 in Thibodaux over July through September 2026 (ROAM MLS). These are the longest market times of anywhere we work, which makes pricing from real closed sales matter more here, not less.
Does the homestead exemption need renewing in Terrebonne or Lafourche?
No. Both assessors state it is permanent once granted, for as long as you own and reside at the property, and Louisiana law names both parishes among those with permanent homestead registration.
When are Terrebonne and Lafourche property taxes due?
Both parishes say annual bills go out in the latter part of the year and are due by December 31. In Thibodaux the city mails and collects its own municipal tax notice separately from the parish bill, so expect two.
How do I check a flood zone in Houma or Thibodaux?
Terrebonne Parish runs a floodplain page with a flood insurance rate map viewer and an elevation certificate database, and its floodplain administrator will run a free special flood hazard area determination for you. Lafourche points residents at the LSU AgCenter flood map tool for the parish.
What does it cost to sell a house in Bayou Region?
Work from the sale price, not a percentage someone quoted you. On a $250,000 sale — the current Houma median — the commissions you agree to in the listing agreement are the largest line. Then your mortgage payoff, your share of closing and title costs, Terrebonne and Lafourche Parishes property taxes prorated through closing, and anything you agree to after inspection. Run your own numbers on the seller net sheet.
Do you list homes in Bayou Region?
Yes. Nicole Spellman Group lists and sells in Bayou Region and across Terrebonne and Lafourche Parishes, and throughout South Louisiana. In Lake Charles, Shreveport, Monroe and Alexandria, we connect you with a trusted agent who works that market every day — see outside our area.
Keep reading
Next steps for a Bayou Region seller
Next step
Know your number. Then sell with confidence.
Start with your number and a line-by-line net sheet. No obligation.
Market figures are medians from the ROAM MLS (Redfin for New Orleans and Metairie) for the period shown and are not a valuation of your home. Tax and flood information is general, sourced to the parish and to FEMA, and is not legal, tax or insurance advice.