Is 70123, 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, 70123 was a Seller's Market.
Housing Prices in 70123, LA
How much do homes in 70123, LA cost?
Median Sold Price
$320,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70123 was $320,000 in March 2024, up 1.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $131K | +2.7% |
2 Bedrooms | $221K | $200K | -9.5% |
3 Bedrooms | $303.5K | $315K | +3.8% |
4 Bedrooms | $400K | $397.7K | -0.6% |
5+ Bedrooms | $630K | $500K | -20.6% |
Summary: 70123 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 20.6%.
Housing Supply in 70123, LA
How many homes are available in 70123, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 119 | +11.2% |
Summary: The 70123 real estate market had 119 homes for sale in March 2024, a 11.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 52 | 55 | +5.8% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The 70123 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 55.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 17 | -22.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 70123 in March 2024, down by 22.7% month-over-month. Of the 17 sold homes, 88% were sold under asking, 12% were sold at asking, and 0% were sold over asking.
Days on Market for 70123, LA
How long does it take to sell a home in 70123, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 103 Days | +92.3% |
Summary: Homes in 70123 had an average of 103 days on market in Mar 2024, up by 92.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 70123; 29% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.