Baton Rouge Appraiser Poll: Do You Expect To Pay Less For 3 Bedrooms?

By
Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

QUESTION: Would You As A Baton Rouge area Home Buyer Expect To Pay LESS For A 3 Bedroom vs 4 Bedroom IF Both Homes Were 2,500sf Living Area, Same Size in the same Subdivision?

IF SO, HOW MUCH LESS? 


Would You As A Baton Rouge area Home Buyer Expect To Pay LESS For A 3 Bedroom



Please leave your comment below . Thank you for your time and help!

Why am I asking?

I'm appraising a very rare 3 bedroom in a popular Baton Rouge subdivision off South Sherwood Forest Blvd and the perception from homeowner is my 3 bedroom home will sell for less than a 4 bedroom.

My research shows in Area 43 (70816 & 70817) over 24 months:

29 3 Bedroom sales median sold is $226,000 and $96/sf

152 4 Bedroom sales median sold is $233,750 and $95/sf

4 BEDROOM HOMES SELL FASTER!
4 Bedrooms sold in 57 days vs 70 days for 3 bedrooms

So, it just takes longer to sell a 3 bedroom it seems...

MLS Search Parameters:
Area 43
$190K to $300K
2200sf to 3000sf
21-30yrs+
1/1/2014+






GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2014 to 05/13/2016, extracted on 05/13/2016.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Louisiana East Baton Rouge Parish Baton Rouge
Groups:
Greater Baton Rouge Real Estate

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
538,533

Bill Cobb

Greater Baton Rouge's Home Appraiser
Ask me a question
*
*
*
*
Spam prevention

Additional Information