Is 70115, 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, 70115 was a Neutral Market.
Key Takeaway
70115 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70115, LA
How much do homes in 70115, LA cost?
Median Sold Price
$589,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70115 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 70115 was $589,000 in March 2024, up 8.1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $216K | -28.0% |
| 2 Bedrooms | $425K | $405K | -4.7% |
| 3 Bedrooms | $603.7K | $617.5K | +2.3% |
| 4 Bedrooms | $813.5K | $785K | -3.5% |
| 5+ Bedrooms | $722.5K | $825K | +14.2% |
Summary: 70115 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 70115, LA
How many homes are available in 70115, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 203 | 261 | +28.6% |
Summary: The 70115 real estate market had 261 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 62 | 89 | +43.5% |
| 4 Bedrooms | 55 | 64 | +16.4% |
| 5+ Bedrooms | 56 | 70 | +25.0% |
Summary: The 70115 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 35 | +105.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70115, you may be able to get a good deal. 77.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 70115 in March 2024, up by 105.9% month-over-month. Of the 35 sold homes, 77% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 70115, LA
How long does it take to sell a home in 70115, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 46 Days | +33.3% |
Summary: Homes in 70115 had an average of 46 days on market in Mar 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70115 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 35 homes were sold in 70115; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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