$2,126 Closing Credit*
$179,000
1,015 SqFt
3 Beds
•1 Full Bath
Amanda Campo, Listing Office: Southern Real Estate Professionals, LLC
Is 70075, 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, 70075 was a Seller's Market.
Key Takeaway
70075 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70075, LA
How much do homes in 70075, LA cost?
Median Sold Price
$230,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$24,750(-9.7%)
Key Takeaway
Homes in 70075 have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in 70075 was $230,000 in August 2024, down 9.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $160K | -5.9% |
| 3 Bedrooms | $245K | $227.5K | -7.1% |
| 4 Bedrooms | $295K | $279.4K | -5.3% |
| 5+ Bedrooms | $347.5K | $399K | +14.8% |
Summary: 70075 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 decreased by 5.9%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 70075, LA
How many homes are available in 70075, LA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The 70075 real estate market had 38 homes for sale in August 2024, a 5.6% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 70075 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 decreased by 33.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
4 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 70075, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 70075 in August 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70075, LA
How long does it take to sell a home in 70075, LA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 96 Days | 51 Days | -46.2% |
Summary: Homes in 70075 had an average of 51 days on market in Aug 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70075 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 4 homes were sold in 70075; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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