Baton Rouge, LA 70802 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The most reliable market signal is the median sold price: $99,000 represents the recent transaction-level market value and suggests current realized pricing in the neighborhood, while the gap versus the median listing price ($114,998) may indicate pricing friction between seller expectations and closed transactions.
2. Despite a seller-oriented context noted in broader commentary, the market temperature is neutral (neutral), which suggests balance is emerging rather than a clear one-sided market; paired with the price year-over-year trend being up, this points to moderated appreciation rather than aggressive momentum.
3. Liquidity appears muted: the median days on market is 441, which is consistent with slower sales velocity and suggests transactions are taking longer to close even as sold prices remain near $99,000; sellers and agents should expect extended marketing timelines. slower sales velocity.
4. Affordability and investor considerations are affected by elevated financing costs—current 30-year fixed mortgage rates are averaging approximately 6.6%—and rent growth is positive (rent year-over-year trend: up), while the median market rent is $1,295 and the median price per square foot is $99.8, which together frame near-term yield and carrying-cost constraints for buy-and-hold strategies.

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.