Is 70006, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 70006 was a Seller's Market.
Housing Prices in 70006, LA
How much do homes in 70006, LA cost?
Median Sold Price
$349,900
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70006 was $349,900 in April 2024, up 4.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $133K | -1.5% |
2 Bedrooms | $154K | $148.5K | -3.6% |
3 Bedrooms | $316.2K | $304K | -3.9% |
4 Bedrooms | $408.7K | $391K | -4.3% |
5+ Bedrooms | $467.8K | $480K | +2.6% |
Summary: 70006 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 70006, LA
How many homes are available in 70006, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 68 | +11.5% |
Summary: The 70006 real estate market had 68 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 8 | 4 | -50.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 70006 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 70006 in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 70006, LA
How long does it take to sell a home in 70006, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 65 Days | +75.3% |
Summary: Homes in 70006 had an average of 65 days on market in Apr 2024, up by 75.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 70006; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.