Is now a good time to buy land in the Louisiana area?
the Louisiana area is currently a strong buyer's market with 29.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
We're showing Louisiana State statistics below to give you a broader market picture. As more transactions occur in Saint John The Baptist County, Louisiana, we'll update with specific local data.
29.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Saint John The Baptist County, Louisiana | ||||||
the Louisiana area is currently a strong buyer's market with 29.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Louisiana area currently has 29.4 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 the Louisiana area typically sells within 181 days of listing. The median time on market is 87 days. Properties are moving slowly in the current strong buyer's market.
There are currently 11,786 active listings in the Louisiana area. 2,432 new listings have hit the market in the last 90 days. The median asking price is $80K.
The current absorption rate in the Louisiana area is 3.4% (3-month basis), indicating slow demand. The top-performing broker in this market is Real Broker, LLC.
Over the past 12 months, the Louisiana area saw 5,222 properties sold. In just the last 3 months, 1,201 properties changed hands.
The 3-month absorption rate in the Louisiana area is 3.4%. The 12-month rate is 3.7%. 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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