<h2>Baton Rouge Real Estate Market Overview</h2>
<p>The <a href="https://www.realtytrac.com/market-trends/baton-rouge-la/">Baton Rouge real estate landscape</a> in early 2024 is showing a slight dip in average property values, from $240,000 in February to a marginally lower $239,000 in January, with a more noticeable decline from December’s peak of $257,400. Despite the softening values, sale prices tell a different tale, climbing from an average of $198,138 in December to a healthier $212,550 by February. This dichotomy suggests that while property values may be correcting, demand is pushing sale prices up – a dynamic that potential investors and homeowners should watch closely.</p>
<figure id="attachment_25368" aria-describedby="caption-attachment-25368" style="width: 1441px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25368" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/03/Baton-Rogue-House-Prices-March-2024.png" alt="Baton Rogue House Prices March 2024" width="1441" height="549" /><figcaption id="caption-attachment-25368" class="wp-caption-text">Baton Rogue House Prices March 2024</figcaption></figure>
<p>Per square foot values in Baton Rouge have seen their own fluctuations, reaching a high in September at $140 and settling lower at $136 in February. The average sale price per square foot mirrors this trajectory, with September’s high at $144 contrasted by February’s dip to an even $124. It seems September may have been a sweet spot for sellers, while buyers in February found more square footage for their buck.</p>
<figure id="attachment_25371" aria-describedby="caption-attachment-25371" style="width: 1444px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25371" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/03/Baton-Rogue-House-Prices-March-2024-Sq-Ft.png" alt="Baton Rogue House Prices March 2024 - Sq Ft" width="1444" height="557" /><figcaption id="caption-attachment-25371" class="wp-caption-text">Baton Rogue House Prices March 2024 – Sq Ft</figcaption></figure>
<p>As the Baton Rogue market breathes in and out, its property counts also rise and fall. Listings saw a minor decrease from 225 properties in September to 251 by February — a shift that might suggest a market contraction. Yet, sold property counts, peaking with 2,455 transactions in October, experienced a drop-off as February closed with 1,910 sales. This descending pattern in sold properties could indicate a market cooling or possibly seasonal adjustments.</p>
<p>The real estate scene in neighboring cities further illuminates Baton Rouge’s status. Baker, for instance, contrasts with more modest average values at $215,000 and a per square foot average of $125 for February 2024. When considering the Baton Rouge averages of $240,000 and $136 per square foot, it’s clear that Baton Rouge commands a premium. However, those premiums come with the promise of a vibrant and perhaps more desired market.</p>
<h2>Comparative Analysis With Neighboring Cities</h2>
<p>Drilling down into the specifics, Baton Rouge’s neighboring cities provide a wider lens through which to assess market health. In Denham Springs, property values average out at $249,500, eclipsing Baton Rouge by nearly $10,000, with an impressive per square foot value of $145, indicative of a robust market. Denham Springs also boasted an appreciable average sale price of $218,889, reaffirming strong market performance.</p>
<p>Greenwell Springs, meanwhile, showcased much higher property values averaging at $355,000, alongside the highest per square foot value at $153. This presents a potentially upscale market environment with an average sale price of $246,118 confirming this trend, though the lower number of transactions—just 75—could hint at a more exclusive market with less liquidity.</p>
<p>Pride, LA, offered no new listings to analyze in February, thus no average value to report. However, properties that did sell carried a meaty sale price of $226,269 on average, with the highest average sale price per square foot in the region at $148, making it a wholesome if enigmatic market given the lack of current listings.</p>
<p>Over in Addis, LA, the fresh property listings come with an average value of $294,950 and lead in per square foot value at $159, exemplifying a tight and potentially up-and-coming market. Sell-through rates, however, were quite modest with 23 properties sold and an average sale price of $245,275, maintaining a healthy middle ground in the regional context.</p>
<p>Examining these figures, Baton Rouge offers a balance between value and <a href="https://www.realtytrac.com/baton-rouge-la/for-sale/">sale price</a>, neither scraping the bottom nor touching the peaks brought forth by neighboring cities.</p>


Market Reports

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Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

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Baton Rouge, LA Real Estate Market Report – March 2024

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