Is 70438, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 70438 was a Seller's Market.
Key Takeaway
70438 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70438, LA
How much do homes in 70438, LA cost?
Median Sold Price
$317,500
$140/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 70438 have sold for 35.1% more than they did a month ago.
Summary: The median home sold price in 70438 was $317,500 in March 2024, up 35.1% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | - | N/A |
| 2 Bedrooms | $139.9K | $29.9K | -78.6% |
| 3 Bedrooms | $235K | - | N/A |
| 4 Bedrooms | - | $320K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 70438 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 78.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 70438 | $235K | $317.5K | +35.1% |
| 70437 | $362.4K | $165K | -54.5% |
Housing Supply in 70438, LA
How many homes are available in 70438, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The 70438 real estate market had 40 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 70438 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70438, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 70438 in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 70438, LA
How long does it take to sell a home in 70438, LA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 52 Days | -42.4% |
Summary: Homes in 70438 had an average of 52 days on market in Mar 2024, down by 42.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70438 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 70438; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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