It’s a brand new year in a new buyer’s market. Let’s see what January brought us.
ASCENSION PARISH Median Sales Price in Ascension was $257,100. That was quite a jump from December! There were 100 detached single family homes sold and 92 of them were split equally between 3 & 4 bedrooms. In January, the homes that sold were on the market for 87 days vs. the 65 days in December. Sellers were still able to walk away with 98.2% of their asking price.
This leaves us with 624 homes on the market in Ascension Parish with a median list price of $280,025. There is 6.4 months worth of inventory available which definitely puts them in a buyer’s market.
BATON ROUGE In East Baton Rouge Parish the January detached single-family median sales were $204,212, compared to $220,782 last month. The days on market held steady at 72. Sellers in East Baton Rouge Parish dropped to receiving 93.6% of their asking price.
EBR saw yet another slight slow down with only 258 homes closing in January versus 317 last month. East Baton Rouge is also definitely in a buyer’s market with 6.6 months worth of inventory
There are currently 1,647 homes on the market in these areas of East Baton Rouge Parish and they hold a median sales price of $266,500.
What we would like to note is that just because it is a buyer’s market, seller’s aren’t selling their homes at “fire sale” prices. You can expect to negotiate a little better possibly but we aren’t seeing “steals” out there!