Baton Rouge, LA 70802 Real Estate Market Report

ZIP Code: 70802
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The housing market in Baton Rouge, LA (ZIP: 70802) is currently characterized by a median sold price of $63,829, reflecting a cooling trend with prices showing signs of decreasing year-over-year. This trend suggests a shift toward a buyer's advantage, as the market experiences elevated inventory levels relative to sales activity. The median days on market stands at a notably high 400 days, indicating a slower sales velocity and potential pricing friction for sellers.

Despite the current price declines, the local economy remains resilient, which may lead to modest price growth later in 2026. The median listing price is $99,900, creating a significant gap between asking and sold prices, which could indicate seller expectations that are not aligned with current market realities. Overall, the market temperature is assessed as neutral, suggesting a balanced environment but with caution warranted due to the elevated interest rate pressure affecting buyer sentiment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for property owners in Baton Rouge LA 70802 average around 6.38% to 6.53% compared to recent 2026 averages closer to 6.10% to 6.25%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $63,829 indicates a market experiencing decreasing prices, suggesting potential buyer leverage.

2. With a median days on market of 400, the market is facing slower sales velocity, impacting liquidity and buyer engagement.

3. The median listing price of $99,900 shows a significant gap from the sold price, indicating pricing friction in the market.

4. The median market rent is $1,644, suggesting that rental markets are experiencing modest appreciation despite overall market challenges.

5. Current mortgage rates averaging between 6.38% to 6.53% are contributing to elevated interest rate pressure, which may affect buyer affordability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.