Is 70043, 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, 70043 was a Seller's Market.
Housing Prices in 70043, LA
How much do homes in 70043, LA cost?
Median Sold Price
$239,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70043 was $239,000 in March 2024, down 0.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | - | N/A |
2 Bedrooms | $148.9K | $158.5K | +6.4% |
3 Bedrooms | $235K | $225.5K | -4.0% |
4 Bedrooms | $289.5K | $280K | -3.3% |
5+ Bedrooms | $252K | $268K | +6.4% |
Summary: 70043 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 70043, LA
How many homes are available in 70043, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 107 | +15.1% |
Summary: The 70043 real estate market had 107 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 52 | 57 | +9.6% |
4 Bedrooms | 32 | 35 | +9.4% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 70043 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 increased by 100%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 70043 in March 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for 70043, LA
How long does it take to sell a home in 70043, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 97 Days | +9.6% |
Summary: Homes in 70043 had an average of 97 days on market in Mar 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
2 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, 7 homes were sold in 70043; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.