Is now a good time to buy land in Elm Grove, Louisiana?
Elm Grove, Louisiana is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Oct 2026
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
Louisiana does not make land sale prices public, so sold prices are not shown here. Sales counts, days on market and months of supply are still real.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 2 |
Elm Grove, Louisiana is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elm Grove, Louisiana currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Elm Grove, Louisiana typically sells within 34 days of listing. The median time on market is 34 days. Properties are moving quickly in the current strong buyer's market.
The current absorption rate in Elm Grove, Louisiana is 4.8% (3-month basis), indicating slow demand.
There are currently 7 active listings in Elm Grove, Louisiana. 5 new listings have hit the market in the last 90 days. The median asking price is $89K.
Over the past 12 months, Elm Grove, Louisiana saw 2 properties sold. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Elm Grove, Louisiana is 4.8%. The 12-month rate is 2.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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