Is 70117, 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, 70117 was a Seller's Market.
Housing Prices in 70117, LA
How much do homes in 70117, LA cost?
Median Sold Price
$233,666
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70117 was $233,666 in March 2024, down 12.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $199K | -38.8% |
2 Bedrooms | $240K | $235K | -2.1% |
3 Bedrooms | $284K | $210K | -26.1% |
4 Bedrooms | $257.5K | $260K | +1.0% |
5+ Bedrooms | $267K | $277.5K | +3.9% |
Summary: 70117 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 70117, LA
How many homes are available in 70117, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
228 | 257 | +12.7% |
Summary: The 70117 real estate market had 257 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 51 | 56 | +9.8% |
3 Bedrooms | 80 | 91 | +13.8% |
4 Bedrooms | 39 | 45 | +15.4% |
5+ Bedrooms | 47 | 54 | +14.9% |
Summary: The 70117 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 increased by 9.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 70117 in March 2024, up by 53.3% month-over-month. Of the 23 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for 70117, LA
How long does it take to sell a home in 70117, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 69 Days | +8.9% |
Summary: Homes in 70117 had an average of 69 days on market in Mar 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 70117; 39% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.