$3,527 Closing Credit*
$297,000
1,690 SqFt
3 Beds
•2 Full Baths, 1 Partial
Francesca Brennan, Listing Office: Engel & Voelkers New Orleans
Is 70032, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, 70032 was a Seller's Market.
Key Takeaway
70032 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70032, LA
How much do homes in 70032, LA cost?
Median Sold Price
$284,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$15,500(-5.2%)
Key Takeaway
Homes in 70032 have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in 70032 was $284,000 in August 2024, down 5.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178.4K | $213K | +19.4% |
| 3 Bedrooms | $296.5K | $275K | -7.3% |
| 4 Bedrooms | $393.4K | $350K | -11.0% |
| 5+ Bedrooms | $384.5K | $379.9K | -1.2% |
Summary: 70032 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 70032, LA
How many homes are available in 70032, LA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The 70032 real estate market had 44 homes for sale in August 2024, a 7.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 70032 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70032, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 70032 in August 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70032, LA
How long does it take to sell a home in 70032, LA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 54 Days | 49 Days | -9.8% |
Summary: Homes in 70032 had an average of 49 days on market in Aug 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70032 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in 70032; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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