How hot is the real estate market near Donaldsonville? Home sale prices fall to $255K

Sean Lahman USA TODAY NETWORK
A u0022soldu0022 sign is attached to a For Sale sign outside a home in South Bend, Indiana.

The median sales price for a single-family home sold in Ascension Parish during August was $255,000. That's a decrease of 5.6% compared with August 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.

August prices are down from $278,000 the previous month.

The number of houses sold fell by 10.6% from a year earlier. A total of 160 houses were sold parishwide during August. During the same period a year earlier, 179 single-family homes were sold.

High interest rates are making mortgage payments more expensive. With prevailing mortgage rates and 20% down, the mortgage payment on Ascension Parish's median single-family home from August would have cost $1,165 per month, not including insurance, closing fees, homeowner association dues or other costs, according to a USA TODAY Network analysis. A month earlier, the median home mortgage would have cost $1,235. A year earlier, the median home mortgage would have cost $896.

Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.

How hot is Ascension Parish's real estate market in Louisiana?

Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.

In Ascension Parish the top 10% of the properties sold for at least $470,000, up 4.4% from a year before.

In August, no properties sold for $1 million or more.

Louisiana's median single-family home sales price was $225,000 in August, similar to a year earlier. The state reported 3,718 single-family homes sold, down 14.4% from a year earlier.

The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards. The story was written by Sean Lahman.