Is 70403, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 70403 has remained a Seller's Market.
Key Takeaway
70403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70403, LA
How much do homes in 70403, LA cost?
Median Sold Price
$235,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 70403 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 70403 was $235,000 in April 2024, up 9.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $151K | $166.5K | +10.3% |
| 3 Bedrooms | $207K | $223.2K | +7.8% |
| 4 Bedrooms | $305K | $289.9K | -4.9% |
| 5+ Bedrooms | $255K | $288K | +12.9% |
Summary: 70403 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 70403, LA
How many homes are available in 70403, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 113 | +10.8% |
Summary: The 70403 real estate market had 113 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 56 | 67 | +19.6% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 70403 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70403, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 70403 in April 2024, the same as the previous month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 70403, LA
How long does it take to sell a home in 70403, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 57 Days | +9.8% |
Summary: Homes in 70403 had an average of 57 days on market in Apr 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70403 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 70403; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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