Is Kaplan, LA 70548 a buyer’s or seller’s market?
Kaplan is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 13% of U.S. ZIP codes, and #115 of 170 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 July 31, 2026. See the breakdown
The Kaplan housing market right now
In the three months ending August 31, 2026, 17% of homes in Kaplan, LA 70548 sold above their list price, the typical home went under contract in 108 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 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (71 days then) and the median sale price rose 39% to $172,925. Overall, Kaplan is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Abbeville 70510 (7% sold over asking), while Erath 70533 (20% sold over asking) is even more competitive.
Run the numbers for 70548
Nearby markets
Abbeville 70510Buyer’s market $81 /sq ftErath 70533Buyer’s market $94 /sq ftGueydan 70542 — /sq ftMaurice 70555Seller’s market $146 /sq ft Browse all markets →Towns like Kaplan nearby
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Questions about Kaplan real estate
Is Kaplan a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Kaplan, LA 70548 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 Kaplan?
The typical home went under contract in 108 days in the latest three months.
Do homes in Kaplan sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 92.6% of the list price.
What are property taxes in Kaplan?
About 0.36% of a home’s value a year in Vermilion Parish, or roughly $1,440 on a $400,000 home.
What is the median home price in Kaplan?
The median sale price was $172,925 in the three months ending August 31, 2026, about $97 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