Is 70433, 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, 70433 was a Seller's Market.
Housing Prices in 70433, LA
How much do homes in 70433, LA cost?
Median Sold Price
$320,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70433 was $320,000 in March 2024, up 1.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.4K | $130.6K | -6.3% |
2 Bedrooms | $192.4K | $177.5K | -7.7% |
3 Bedrooms | $266.5K | $265K | -0.5% |
4 Bedrooms | $423.6K | $430K | +1.5% |
5+ Bedrooms | $615K | $689K | +12.0% |
Summary: 70433 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 12%.
Housing Supply in 70433, LA
How many homes are available in 70433, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
219 | 254 | +16.0% |
Summary: The 70433 real estate market had 254 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 92 | 112 | +21.7% |
4 Bedrooms | 79 | 87 | +10.1% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The 70433 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 34 | -10.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 70433 in March 2024, down by 10.5% month-over-month. Of the 34 sold homes, 62% were sold under asking, 29% were sold at asking, and 9% were sold over asking.
Days on Market for 70433, LA
How long does it take to sell a home in 70433, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 59 Days | +107.9% |
Summary: Homes in 70433 had an average of 59 days on market in Mar 2024, up by 107.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 70433; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.