December 2023 Greater Baton Rouge Home Sales Monthly Indicator via GBRAR ROAM MLS

1. Key Metrics 2022 2023 Percent Change Thru 12-2022 Thru 12-2023 Percent Change
New Listings 548 644 + 17.5% 13,680 11,688 - 14.6%
Pending Sales 519 466 - 10.2% 10,860 8,864 - 18.4%
Closed Sales 737 582 - 21.0% 11,761 8,823 - 25.0%
Median Sales Price* $255,000 $260,950 + 2.3% $255,000 $259,000 + 1.6%
Percent of List Price Received* 98.0% 97.5% - 0.5% 98.8% 97.8% - 1.0%
Days on Market Until Sale 49 57 + 16.3% 35 58 + 65.7%
Inventory of Homes for Sale 2,358 2,696 + 14.3% -- -- --
Months Supply of Inventory 2.6 3.6 + 38.5% -- -- --
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
December
Current as of January 10, 2024. All data from the Greater Baton Rouge Association of REALTORS® MLS. Report © 2024 ShowingTime. Percent changes are calculated using rounded figures.
Greater Baton Rouge (All MLS) —
Local Market Update for December 2023
A Research Tool Provided by the Greater Baton Rouge Association of REALTORS®
Greater Baton Rouge
December Year to Date
737
582
Closed Sales
548
644
New Listings
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 1-2022 1-2023
Historical Median Sales Price Rolling 12-Month Calculation
+ 17.5% - 21.0%
98.0%
97.5%
Pct. of List Price Received
- 0.5%
2.6
3.6
Months Supply
2022 2023
+ 38.5%