Is 70058, 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, 70058 was a Seller's Market.
Housing Prices in 70058, LA
How much do homes in 70058, LA cost?
Median Sold Price
$210,316
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70058 was $210,316 in March 2024, down 8.7% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.5K | $80K | -18.8% |
2 Bedrooms | $134K | $109K | -18.7% |
3 Bedrooms | $219.9K | $210K | -4.5% |
4 Bedrooms | $259K | $248K | -4.2% |
5+ Bedrooms | $305K | $290K | -4.9% |
Summary: 70058 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 70058, LA
How many homes are available in 70058, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 110 | +10.0% |
Summary: The 70058 real estate market had 110 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 31 | 37 | +19.4% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 70058 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 70058 in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 70058, LA
How long does it take to sell a home in 70058, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 76 Days | +51.6% |
Summary: Homes in 70058 had an average of 76 days on market in Mar 2024, up by 51.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 70058; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.