Is 70444, 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, 70444 has remained a Seller's Market.
Key Takeaway
70444 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70444, LA
How much do homes in 70444, LA cost?
Median Sold Price
$181,750
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 70444 have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in 70444 was $181,750 in April 2024, down 10.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $142.4K | -29.8% |
| 2 Bedrooms | $132.5K | $178K | +34.3% |
| 3 Bedrooms | $295K | $175K | -40.7% |
| 4 Bedrooms | $199K | $345K | +73.4% |
| 5+ Bedrooms | - | $202K | N/A |
Summary: 70444 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.8%, 2 bedroom homes increased by 34.3%, 3 bedroom homes decreased by 40.7%, 4 bedroom homes increased by 73.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 70444 | $203K | $181.7K | -10.5% |
| 70422 | $225K | $173K | -23.1% |
Housing Supply in 70444, LA
How many homes are available in 70444, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 70444 real estate market had 14 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 70444 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 decreased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70444, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 70444 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 70444, LA
How long does it take to sell a home in 70444, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 87 Days | +243.4% |
Summary: Homes in 70444 had an average of 87 days on market in Apr 2024, up by 243.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70444 has remained consistent over time.
Summary: During April 2024, 4 homes were sold in 70444; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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