Is 70003, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 70003 has remained a Seller's Market.
Key Takeaway
70003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70003, LA
How much do homes in 70003, LA cost?
Median Sold Price
$254,833
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70003 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 70003 was $254,833 in March 2024, down 7.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $63.7K | -1.9% |
| 2 Bedrooms | $145K | $115K | -20.7% |
| 3 Bedrooms | $266K | $245K | -7.9% |
| 4 Bedrooms | $329.8K | $321K | -2.7% |
| 5+ Bedrooms | $435K | $370K | -14.9% |
Summary: 70003 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 14.9%.
Housing Supply in 70003, LA
How many homes are available in 70003, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 173 | 199 | +15.0% |
Summary: The 70003 real estate market had 199 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 89 | 104 | +16.9% |
| 4 Bedrooms | 56 | 63 | +12.5% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 70003 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 40 | +100.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70003, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 70003 in March 2024, up by 100.0% month-over-month. Of the 40 sold homes, 55% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for 70003, LA
How long does it take to sell a home in 70003, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -6.6% |
Summary: Homes in 70003 had an average of 36 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70003 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in 70003; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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