In May 2018, there were 299 homes listed in Ascension Parish with 182 of those selling. Those sellers received 98.71% of their asking price. The Average Sales price of those homes was $251,970.
There are currently 650 homes available in Ascension with an average list price of $326,837. If you are looking for a 3-4 bedroom house, there are 576 of those with an average price of $303,989.
Last month we stated that we felt we were moving into a more balanced market. This month we really see that happening. The percentage of homes that listed vs those that sold dropped 6%. The inventory is growing. As a seller, that means that you will have more competition out there so expect those sellers to negotiate a little harder with you than they have in the past.
East Baton Rouge Parish
In May 2018, there were 508 homes listed in areas 4,5 & 6 in East Baton Rouge Parish with 342 of those selling. Those sellers received 97.61% of their asking price. The Average Sales price of those homes was $276,300.
There are currently 1,123 homes available in these areas with an average list price of $445,812. Three bedroom homes are a little more affordable at an average of $278,200 while four bedroom homes are averaging $493,703.
Larger homes with 5+ bedrooms are taking a hit on their sales prices. Those homes sold for only 95.42% of their list price. It is definitely turning toward a buyer’s market in the upper price ranges and we are seeing buyers being able to negotiate a little more in the other price ranges as well. Hold on sellers, you are in for a little ride it seems. The rollercoaster has peaked for you it seems.
Interested in the neighborhoods that saw the most activity in May 2018?