Is 70084, 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, 70084 was a Seller's Market.
Key Takeaway
70084 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70084, LA
How much do homes in 70084, LA cost?
Median Sold Price
$123,250
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70084 have sold for 15.6% less than they did a year ago.
Summary: The median home sold price in 70084 was $123,250 in March 2024, down 15.6% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $124.5K | $69K | -44.6% |
| 3 Bedrooms | $146K | $155K | +6.2% |
| 4 Bedrooms | $242.5K | $107K | -55.9% |
| 5+ Bedrooms | $253K | $398.8K | +57.7% |
Summary: 70084 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 decreased by 44.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 55.9%, and 5+ bedroom homes increased by 57.7%.
Median Sold Price Compared To Nearby Zip Codes
| 70068 | $194K | $202.8K | +4.6% |
| 70084 | $146K | $123.2K | -15.6% |
Housing Supply in 70084, LA
How many homes are available in 70084, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The 70084 real estate market had 10 homes for sale in March 2024, a 9.1% decrease 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 | 3 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 70084 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70084, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 70084 in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 70084, LA
How long does it take to sell a home in 70084, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 35 Days | -71.4% |
Summary: Homes in 70084 had an average of 35 days on market in Mar 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70084 has remained consistent over time.
Summary: During March 2024, 1 homes were sold in 70084; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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