Is 70065, 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, 70065 was a Seller's Market.
Key Takeaway
70065 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 70065, LA
How much do homes in 70065, LA cost?
Median Sold Price
$280,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70065 have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in 70065 was $280,000 in March 2024, up 8.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.7K | $129.8K | +27.6% |
| 2 Bedrooms | $144K | $130K | -9.7% |
| 3 Bedrooms | $250K | $265K | +6.0% |
| 4 Bedrooms | $340K | $359K | +5.6% |
| 5+ Bedrooms | $500K | $457K | -8.6% |
Summary: 70065 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 70065, LA
How many homes are available in 70065, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 141 | 172 | +22.0% |
Summary: The 70065 real estate market had 172 homes for sale in March 2024, a 22.0% 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 | 16 | +23.1% |
| 3 Bedrooms | 63 | 75 | +19.0% |
| 4 Bedrooms | 49 | 56 | +14.3% |
| 5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The 70065 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 increased by 23.1%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70065, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 70065 in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for 70065, LA
How long does it take to sell a home in 70065, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 41 Days | +3.6% |
Summary: Homes in 70065 had an average of 41 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70065 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in 70065; 65% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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