Real Estate Insight and Expertise

Baton Rouge, LA 70817

Single-Family Homes

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Baton Rouge, LA 70817

Thu Sep 21 2023
This week the median list price for Baton Rouge, LA 70817 is $359,900 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 131. Click here to stay informed with the Baton Rouge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Baton Rouge, LA 70817

Thu Sep 21 2023
This week the median list price for Baton Rouge, LA 70817 is $359,900 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has increased to 131. Click here to stay informed with the Baton Rouge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Baton Rouge market.
Median List Price $359,900
Median Price of New Listings $324,000
Per Square Foot $176
Average Days on Market 117
Median Days on Market 56
Price Decreased 46%
Price Increased 16%
Relisted 5%
Inventory 131
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$667,499 3,022 0.5 - 1 acre 4 3 5 3 1 105
$419,990 2,242 0.25 - 0.5 acre 4 2.5 2 1 2 63
$329,000 1,986 6,500 - 8,000 sqft 4 2 3 4 1 21
$272,000 1,659 6,500 - 8,000 sqft 3 2 0 6 2 56