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GRAY, LA 70359

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The GRAY, LA real estate market (70359) currently shows 42 active listings, with 7 pending sales. Homes are averaging 157 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 157 days on market compared to 107 days last year.

The median listing price has fallen 16.2% year-over-year, from $273,250 to $229,000.

Whether you are buying or selling in GRAY, LA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 9,843  ·  Density: 263.9/mi²  ·  Median household income: $50,799

Typical home value: $145,027  ·  Homeownership: 86.8%

Market Overview

Active Listings
42
⇧ 35.5% vs 31 last year
Pending
7
17% pending ratio
Median Price
$229,000
⇩ 16.2% vs $273,250 last year
Average Price
$279,117
⇩ 5.2% vs $294,579 last year
Days on Market
157
⇧ 46.7% vs 107 days last year

Price Per Square Foot

Median $/sqft
$156
⇩ 4.9% vs $164/sqft last year
Median Home Size
1,532 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 31 last year
  • Days on market: 157 now vs 107 last year

Median & Average Pricing

Year over Year
  • Median: $229,000 (-16.2% YoY)
  • Average: $279,117 (-5.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.2 miles — 549 listings ($155,367,301 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70359Gray, LA 703590.0 mi42$11,695,656$229,000$278,468
70364Houma, LA 703646.6 mi166$36,131,892$200,000$217,662
70301Thibodaux, LA 703019.1 mi235$80,706,990$262,500$343,434
70356Gibson, LA 7035611.3 mi4$1,182,668$169,000$295,667
70372Labadieville, LA 7037214.3 mi7$1,071,000$147,500$153,000
70343Bourg, LA 7034315.9 mi20$5,468,500$282,500$273,425
70090Vacherie, LA 7009020.1 mi15$4,085,250$282,500$272,350
70355Gheens, LA 7035521.0 mi2$230,000$115,000$115,000
70397Theriot, LA 7039721.0 mi17$5,490,405$300,000$322,965
70377Montegut, LA 7037722.4 mi17$2,036,226$107,693$119,778
70353Dulac, LA 7035322.6 mi13$3,731,572$299,000$287,044
70080Paradis, LA 7008024.5 mi2$520,000$260,000$260,000
70763Paulina, LA 7076325.2 mi9$3,017,142$344,000$335,238

Frequently Asked Questions

How many homes are for sale in GRAY, LA 70359?

As of February 2026, there are 42 active listings in GRAY, LA (zip code 70359), compared to 31 the prior year.

What is the median home price in GRAY, LA 70359?

The median listing price in GRAY, LA 70359 is $229,000 as of February 2026, a 16.2% decrease from $273,250 the prior year.

How long do homes stay on the market in GRAY, LA?

Homes in GRAY, LA 70359 spend an average of 157 days on the market before going under contract, compared to 107 days the prior year.

Is it a seller's or buyer's market in GRAY, LA 70359?

Based on current inventory and days-on-market data as of February 2026, GRAY, LA 70359 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 157 days on market compared to 107 days last year.

How much can I save on real estate commission in GRAY, LA?

With SELL123.com's maximum 3% commission, sellers in GRAY, LA 70359 save an estimated $4,580 compared to a typical 5% commission on the median listing price of $229,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.