Is 70114, 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, 70114 was a Seller's Market.
Housing Prices in 70114, LA
How much do homes in 70114, LA cost?
Median Sold Price
$235,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70114 was $235,000 in March 2024, down 16.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $91.5K | -18.3% |
2 Bedrooms | $170K | $160K | -5.9% |
3 Bedrooms | $278K | $218K | -21.6% |
4 Bedrooms | $330K | $277.5K | -15.9% |
5+ Bedrooms | $418.5K | $329.5K | -21.3% |
Summary: 70114 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 21.3%.
Housing Supply in 70114, LA
How many homes are available in 70114, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
145 | 170 | +17.2% |
Summary: The 70114 real estate market had 170 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 53 | 66 | +24.5% |
4 Bedrooms | 44 | 49 | +11.4% |
5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The 70114 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 70114 in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for 70114, LA
How long does it take to sell a home in 70114, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 45 Days | -48.7% |
Summary: Homes in 70114 had an average of 45 days on market in Mar 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 70114; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.