The real estate market across Ascension, East Baton Rouge, and Livingston Parishes in May 2024 showed varied trends in pricing, market activity, and inventory levels. Ascension Parish experienced a notable rise in the median price of detached single-family homes, reaching $338,850, with homes selling swiftly at a median of eighteen days on the market. East Baton Rouge Parish saw a more moderate median price of $280,000, with homes taking slightly longer to sell at a median of twenty-five days. Livingston Parish reported the lowest median sales price at $244,950, and homes were on the market for a median of thirty-one days, indicating a competitive market with a high list-to-sales price ratio of 99.0%.
Seasonal trends are evident, with inventory levels reflecting a balanced market. Ascension Parish has a 3.3-month supply, East Baton Rouge Parish has a 3.8-month supply, and Livingston Parish has a 4-month supply of homes. These figures suggest a stable market entering the summer months, typically a busy season for real estate, with steady demand and sufficient supply to meet buyer interest.
Ascension Parish Real Estate
May 2024 in Ascension Parish experienced a rise in median price of $338,850 for detached single-family homes. With 122 homes closing in May, the volume stayed steady. Out of those homes closed, they were on the market for a median of eighteen days, and the list price-to-sales price ratio dropped ever so slightly to 98.0%. There were 108 homes to go under contract.
There are currently 313 homes on the market, with a median list price of $399,000. This equals a 3.3-month supply of homes in Ascension Parish.
East Baton Rouge Parish Real Estate
May 2024 in East Baton Rouge Parish saw a median price of $280,000 for detached single-family homes. Out of the 441 homes closed in May 2024, they were on the market for a median of twenty-five days, and the list price-to-sales price ratio rose a bit to 97.8%. There were 332 homes to go under contract, showing a downward trend.
There are currently 1276 homes on the market, with a median list price of $334,900. This equals a 3.8-month supply of homes in the East Baton Rouge Parish market.
Livingston Parish Real Estate
In May 2024, Livingston Parish saw a median sales price of $244,950 for detached single-family homes. Out of the 160 homes closed in April 2024, they were on the market for a median of thirty-one days, and the list-to-sales price ratio was 99.0%! There were 135 homes to go under contract compared to 158 in April 2024 and 129 in May 2023.
There are currently 522 detached single-family homes on the market, with a median list price of $273,900. This equals a 4-month supply of homes in the Livingston Parish market.
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Join us next month as we review the Greater Baton Rouge Real Estate Market for June 2024.
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* All data gathered using ROAM MLS as of
June 7, 2024
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