Spring Selling Season is here! With new listings on the rise, median sales prices increasing, and pending sales going up, it’s clear that this is the perfect time to consider taking advantage of the spring selling season.
The lower price ranges in the Greater Baton Rouge area are especially competitive right now with multiple offers coming in on well-maintained homes. Buyers have a unique opportunity to grab their dream house at an affordable price. It’s an exciting time for buyers and sellers alike, as this current market environment has opened up opportunities that may not be available again anytime soon.
Now, let’s take a trip down memory lane and revisit March 2023. What was happening in the real estate world back then? Let’s find out!
March 2023 in Ascension Parish saw a median price of $318,537 for detached single-family homes. The parish is feeling the beginnings of the Spring Selling Season, with 124 homes closing in March. Out of those homes closed, they were on the market for a median of twenty-six days, and the list price-to-sales price ratio was 97.1%. There were 119 homes to go under contract.
There are currently 254 homes on the market, with a median list price of $377,450. This equals a 2.3-month supply of homes on the market in Ascension Parish.
East Baton Rouge Parish
March 2023 in East Baton Rouge Parish saw a median price of $277,407 for detached single-family homes. Out of the 342 homes closed in March 2023, they were on the market for a median of twenty-four days, and the list price-to-sales price ratio held steady at 97.5%. There were 397 homes to go under contract, which was up substantially from February. Hello Spring Selling Season!
There are currently 948 homes on the market, with a median list price of $369,900. This equals a 2.7-month supply of homes in the East Baton Rouge Parish market.
In March 2023, Livingston Parish saw a median sales price of $256,000 for detached single-family homes. Out of the 157 homes closed in March 2023, they were on the market for a median of thirty-four days, and the list-to-sales price ratio was 98.6%! There were 135 homes to go under contract compared to 205 in March 2022 and 120 in February 2023.
There are currently 316 detached single-family homes on the market, with a median list price of $316,150. This equals a 2.1-month supply of homes in the Livingston Parish market.
Check out our graphs to see the activity in the Greater Baton Rouge area.
Join us next month as we review the Greater Baton Rouge Real Estate Market for April 2023.
* All data gathered using ROAM MLS as of April 5, 2023
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