Is 70112, 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, 70112 was a Neutral Market.
Key Takeaway
70112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70112, LA
How much do homes in 70112, LA cost?
Median Sold Price
$318,209
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70112 have sold for 5% less than they did a year ago.
Summary: The median home sold price in 70112 was $318,209 in March 2024, down 5% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $274K | +16.6% |
| 2 Bedrooms | $365K | $332.5K | -8.9% |
| 3 Bedrooms | $457.5K | $465K | +1.6% |
| 4 Bedrooms | $432.5K | $188.5K | -56.4% |
| 5+ Bedrooms | $392.5K | $467.5K | +19.1% |
Summary: 70112 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 56.4%, and 5+ bedroom homes increased by 19.1%.
Housing Supply in 70112, LA
How many homes are available in 70112, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 51 | +18.6% |
Summary: The 70112 real estate market had 51 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 17 | +41.7% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 70112 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 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 70112, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 70112 in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70112, LA
How long does it take to sell a home in 70112, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 2 Days | 49 Days | +2028.6% |
Summary: Homes in 70112 had an average of 49 days on market in Mar 2024, up by 2028.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70112 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 70112; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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