Is Gray, LA 70359 a buyer’s or seller’s market?

The Gray housing market right now

In the three months ending August 31, 2026, 5% of homes in Gray, LA 70359 sold above their list price, the typical home went under contract in 45 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (73 days then) and the median sale price rose 4% to $238,897. Overall, Gray is more competitive than a year ago, so tougher for buyers.

Within Terrebonne Parish, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 67%. On our competition score, Gray ranks #43 of 160 LA ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Theriot 70397 (0% sold over asking) or Schriever 70395 (0% sold over asking), while Houma 70360 (14% sold over asking) and Houma 70363 (13% sold over asking) are even more competitive.