Baton Rouge, LA 70802 Real Estate Market Report

ZIP Code: 70802
Report Date: February 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 $78,000, reflecting a notable shift towards a buyer-favorable environment. This trend is underscored by the median listing price of $114,900, indicating a significant pricing gap that may suggest seller expectations are not aligning with current market realities. The market has experienced a down trend in prices year-over-year, contributing to a neutral market temperature, which reflects a balance between buyer and seller activity but may indicate a slower sales velocity due to elevated days on market averaging 228 days.

With elevated inventory levels relative to sales activity, the market appears to be experiencing excess supply. This situation is compounded by the fact that a majority of transactions are closing below asking prices, which may further indicate buyer hesitance or affordability challenges. However, recent declines in mortgage rates may provide some relief, potentially stimulating buyer interest in the near future.

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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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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 in the Baton Rouge, LA market are around 5.875% compared to typical 2026 origination rates near 6.778%, presenting a cost opportunity for refinancing.

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 $78,000 indicates a significant gap compared to the median listing price of $114,900, suggesting pricing friction in the market.

2. With 228 days on market, the extended time frames for property sales reflect a slower sales velocity and may deter potential buyers.

3. The market temperature is currently neutral, indicating a balance between supply and demand despite the elevated inventory levels.

4. Year-over-year trends show prices are down, which may suggest a need for sellers to adjust expectations to align with current market conditions.

5. The median market rent of $1,644 shows an up trend, indicating potential strength in the rental market amidst declining sales prices.

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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.