Is Raceland, LA 70394 a buyer’s or seller’s market?
Raceland is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 3% of U.S. ZIP codes, and #149 of 160 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Raceland housing market right now
In the three months ending August 31, 2026, 0% of homes in Raceland, LA 70394 sold above their list price, the typical home went under contract in 138 days and there were 4.1 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 22 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (88 days then) and the median sale price fell 21% to $170,726. Overall, Raceland is less competitive than a year ago, which gives buyers more room.
Within Lafourche Parish, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Raceland ranks #149 of 160 LA ZIP codes with enough sales (score 9 out of 100).
Nearby, Thibodaux 70301 (15% sold over asking) and Larose 70373 (14% sold over asking) are even more competitive.
Run the numbers for 70394
Nearby markets
Bourg 70343Seller’s market $136 /sq ftCut Off 70345Buyer’s market $78 /sq ftGalliano 70354Balanced $46 /sq ftGheens 70355 — /sq ft Browse all markets →Towns like Raceland nearby
Find towns like Raceland in other states →Where Raceland is
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Questions about Raceland real estate
Is Raceland a buyer’s or seller’s market?
A balanced market: there were 4.1 months of supply in Raceland, LA 70394 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Raceland?
The typical home went under contract in 138 days in the latest three months.
Do homes in Raceland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Raceland?
About 0.54% of a home’s value a year in Lafourche Parish, or roughly $2,160 on a $400,000 home.
What is the median home price in Raceland?
The median sale price was $170,726 in the three months ending August 31, 2026, about $105 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology