College Town 2017 update and buyers are not paying full listing prices.
Average Sales Price in 2017 has been $560,375, median sales price $546,250, average home size sold 2,392sf and median sales price $220/sf. Average Sales Price in 2016 has been $527,200, median sales price $475,000 and median sales price $186/sf. That’s a $34 per sq ft jump from 2016 or 18 percent increase.
2017 College Town Home Sales Trends
4 Sales $425,000, $462,500, $630,000 to $724,000
Median Sales Price $546,250
Median Sold Price Per Sq. Ft.: $220/sf
Average Sold Price: $560,375
Average Sold Price Per Sq. Ft.: $230/sf
Homes Sold From $209/sf to $272/sf
Median SP/LP% 93%
Average SP/LP% 93%
Median Days On Market: 17 Days
Average Days On Market: 74 Days
Average Home Sold Is 3 Bedrooms, 3 Baths, 2,392 Sq Ft
The “Median SP/LP% 93%” or Listing To Sales Price Ratio means the average home sale sold for 7 percent lest than listing prices. The “Average SP/LP% 93%” or Listing To Sales Price Ratio means the average home sale sold for 7 percent lest than listing prices.
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Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2017 to 12/31/2017, extracted on 01/03/2018.