Is 70002, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 70002 was a Seller's Market.
Housing Prices in 70002, LA
How much do homes in 70002, LA cost?
Median Sold Price
$325,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70002 was $325,000 in March 2024, down 1.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111K | $107K | -3.6% |
2 Bedrooms | $144.3K | $150K | +3.9% |
3 Bedrooms | $353.7K | $342.5K | -3.2% |
4 Bedrooms | $497.2K | $455.5K | -8.4% |
5+ Bedrooms | $480K | $471K | -1.9% |
Summary: 70002 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 70002, LA
How many homes are available in 70002, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 94 | +5.6% |
Summary: The 70002 real estate market had 94 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 70002 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 70002 in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% were sold over asking.
Days on Market for 70002, LA
How long does it take to sell a home in 70002, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 44 Days | +8.6% |
Summary: Homes in 70002 had an average of 44 days on market in Mar 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 70002; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.