Is 70427, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 70427 has remained a Seller's Market.
Housing Prices in 70427, LA
How much do homes in 70427, LA cost?
Median Sold Price
$135,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70427 was $135,000 in March 2024, up 2.9% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $21.6K | - | N/A |
2 Bedrooms | $92.7K | $68K | -26.7% |
3 Bedrooms | $132.5K | $135.5K | +2.3% |
4 Bedrooms | $147.5K | $236K | +60.0% |
5+ Bedrooms | $267.5K | $150K | -43.9% |
Summary: 70427 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 26.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Zip Codes
70431 | $359.9K | $391.2K | +8.7% |
70427 | $131.2K | $135K | +2.9% |
Housing Supply in 70427, LA
How many homes are available in 70427, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 49 | +11.4% |
Summary: The 70427 real estate market had 49 homes for sale in March 2024, a 11.4% 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 | 7 | 12 | +71.4% |
3 Bedrooms | 30 | 31 | +3.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 70427 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 71.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 70427 in March 2024, up by 120.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for 70427, LA
How long does it take to sell a home in 70427, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 68 Days | -3.1% |
Summary: Homes in 70427 had an average of 68 days on market in Mar 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 70427; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.