Is 70094, 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, 70094 was a Seller's Market.
Key Takeaway
70094 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70094, LA
How much do homes in 70094, LA cost?
Median Sold Price
$184,750
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70094 have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in 70094 was $184,750 in March 2024, down 5.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $125K | -10.7% |
| 3 Bedrooms | $175K | $172K | -1.7% |
| 4 Bedrooms | $325K | $240K | -26.2% |
| 5+ Bedrooms | $210K | $230K | +9.5% |
Summary: 70094 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 10.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 70094, LA
How many homes are available in 70094, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 75 | -7.4% |
Summary: The 70094 real estate market had 75 homes for sale in March 2024, a 7.4% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 39 | 43 | +10.3% |
| 4 Bedrooms | 34 | 26 | -23.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 70094 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 decreased by 50%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70094, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 70094 in March 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 70094, LA
How long does it take to sell a home in 70094, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 68 Days | +29.8% |
Summary: Homes in 70094 had an average of 68 days on market in Mar 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70094 has remained consistent over time.
Summary: During March 2024, 9 homes were sold in 70094; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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