Is 70126, 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, 70126 was a Seller's Market.
Housing Prices in 70126, LA
How much do homes in 70126, LA cost?
Median Sold Price
$180,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70126 was $180,000 in March 2024, down 14.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $132.5K | $98K | -26.0% |
3 Bedrooms | $189K | $181K | -4.2% |
4 Bedrooms | $254K | $180K | -29.1% |
5+ Bedrooms | $258.5K | $260K | +0.6% |
Summary: 70126 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 29.1%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 70126, LA
How many homes are available in 70126, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 140 | +20.7% |
Summary: The 70126 real estate market had 140 homes for sale in March 2024, a 20.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 58 | 72 | +24.1% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The 70126 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 20%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 70126 in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for 70126, LA
How long does it take to sell a home in 70126, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 43 Days | -35.7% |
Summary: Homes in 70126 had an average of 43 days on market in Mar 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 70126; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.