Is 70435, 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, 70435 has remained a Seller's Market.
Key Takeaway
70435 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70435, LA
How much do homes in 70435, LA cost?
Median Sold Price
$295,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70435 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 70435 was $295,000 in March 2024, up 3.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $197.5K | $255K | +29.1% |
| 3 Bedrooms | $268K | $274.5K | +2.4% |
| 4 Bedrooms | $347.4K | $390K | +12.2% |
| 5+ Bedrooms | $445K | $405K | -9.0% |
Summary: 70435 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 29.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 9%.
Housing Supply in 70435, LA
How many homes are available in 70435, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 97 | +11.5% |
Summary: The 70435 real estate market had 97 homes for sale in March 2024, a 11.5% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 43 | 39 | -9.3% |
| 4 Bedrooms | 29 | 39 | +34.5% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 70435 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 25%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 20 | +122.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70435, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 70435 in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 75% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for 70435, LA
How long does it take to sell a home in 70435, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 65 Days | +74.5% |
Summary: Homes in 70435 had an average of 65 days on market in Mar 2024, up by 74.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70435 has remained consistent over time.
Summary: During March 2024, 20 homes were sold in 70435; 20% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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