Is 70130, 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, 70130 was a Seller's Market.
Housing Prices in 70130, LA
How much do homes in 70130, LA cost?
Median Sold Price
$385,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70130 was $385,000 in March 2024, down 3.6% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250.9K | $248.7K | -0.9% |
2 Bedrooms | $396.6K | $415.5K | +4.8% |
3 Bedrooms | $620.2K | $555K | -10.5% |
4 Bedrooms | $649.9K | $426K | -34.5% |
5+ Bedrooms | $589K | $495K | -16.0% |
Summary: 70130 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 34.5%, and 5+ bedroom homes decreased by 16%.
Housing Supply in 70130, LA
How many homes are available in 70130, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
202 | 232 | +14.9% |
Summary: The 70130 real estate market had 232 homes for sale in March 2024, a 14.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 58 | 59 | +1.7% |
2 Bedrooms | 78 | 92 | +17.9% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The 70130 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 70130 in March 2024, down by 28.6% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for 70130, LA
How long does it take to sell a home in 70130, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 69 Days | +23.1% |
Summary: Homes in 70130 had an average of 69 days on market in Mar 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 70130; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.