In April 2024, the real estate landscape in Louisiana’s Ascension, East Baton Rouge, and Livingston Parishes exhibited resilience despite the backdrop of rising mortgage interest rates. While March witnessed comparatively lower rates, April ushered in stability and even growth in certain market indicators. Ascension Parish, for instance, maintained its steadfastness with a median price of $315,000 for detached single-family homes, accompanied by a notable increase in closed home volume from the previous month. Similarly, East Baton Rouge Parish saw a median price of $280,000 for such homes, coupled with signs of a market picking up as evidenced by the number of homes under contract.
Despite the upward trend in mortgage rates, Livingston Parish displayed remarkable vitality in its real estate sector during April. With a median sales price of $260,000 for detached single-family homes, the market witnessed steady activity, reflected in both closed home figures and those under contract. Notably, the list-to-sales price ratio soared to an impressive 99.3%, underscoring the resilience and competitiveness of the Livingston Parish market amidst evolving financial landscapes.
Let’s journey back in time and revisit the events of February 2024 in the real estate realm. What transpired in the housing market during that month? Let’s uncover the details!
Ascension Parish Real Estate
April 2024 in Ascension Parish stayed steady with a median price of $315,000 for detached single-family homes. With 117 homes closing in April, the volume rose a bit from 79 units in March. Out of those homes closed, they were on the market for a median of twenty-one days, and the list price-to-sales price ratio held steady at 99.0%. There were 107 homes to go under contract.
There are currently 316 homes on the market, with a median list price of $395,512. This equals a 3.3-month supply of homes in Ascension Parish.
East Baton Rouge Parish Real Estate
April 2024 in East Baton Rouge Parish saw a median price of $280,000 for detached single-family homes. Out of the 399 homes closed in April 2024, they were on the market for a median of twenty-seven days, and the list price-to-sales price ratio rose a bit to 98.0%. There were 396 homes to go under contract, showing some signs of picking up.
There are currently 1247 homes on the market, with a median list price of $339,000. This equals a 3.6-month supply of homes in the East Baton Rouge Parish market.
Livingston Parish Real Estate
In April 2024, Livingston Parish saw a median sales price of $260,000 for detached single-family homes. Out of the 147 homes closed in April 2024, they were on the market for a median of thirty-eight days, and the list-to-sales price ratio was 99.3%! There were 145 homes to go under contract compared to 131 in March 2024 and 119 in April 2023.
There are currently 532 detached single-family homes on the market, with a median list price of $275,450. This equals a 3.8-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 May 2024.
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* All data gathered using ROAM MLS as of
May 13, 2024
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