Is 70127, 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, 70127 was a Seller's Market.
Housing Prices in 70127, LA
How much do homes in 70127, LA cost?
Median Sold Price
$188,000
$104/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 70127 was $188,000 in March 2024, the same as last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | - | N/A |
2 Bedrooms | $107K | $123K | +15.0% |
3 Bedrooms | $170K | $173.7K | +2.2% |
4 Bedrooms | $211.6K | $213.2K | +0.8% |
5+ Bedrooms | $205K | $245K | +19.5% |
Summary: 70127 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 increased by 15%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 19.5%.
Housing Supply in 70127, LA
How many homes are available in 70127, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 79 | +11.3% |
Summary: The 70127 real estate market had 79 homes for sale in March 2024, a 11.3% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 44 | 47 | +6.8% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 70127 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 remained the same, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 70127 in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 70127, LA
How long does it take to sell a home in 70127, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 50 Days | +6.3% |
Summary: Homes in 70127 had an average of 50 days on market in Mar 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 70127; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.