Is 70445, 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, 70445 has remained a Buyer's Market.
Key Takeaway
70445 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70445, LA
How much do homes in 70445, LA cost?
Median Sold Price
$227,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 70445 have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in 70445 was $227,500 in March 2024, down 4.8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $109.5K | -41.4% |
| 2 Bedrooms | $139K | $110K | -20.9% |
| 3 Bedrooms | $227.3K | $220K | -3.2% |
| 4 Bedrooms | $361.5K | $299.9K | -17.0% |
| 5+ Bedrooms | $243.5K | $380K | +56.1% |
Summary: 70445 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.4%, 2 bedroom homes decreased by 20.9%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 56.1%.
Housing Supply in 70445, LA
How many homes are available in 70445, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 56 | +24.4% |
Summary: The 70445 real estate market had 56 homes for sale in March 2024, a 24.4% 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 | 3 | -25.0% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 70445 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 decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70445, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 70445 in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for 70445, LA
How long does it take to sell a home in 70445, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 102 Days | 26 Days | -74.6% |
Summary: Homes in 70445 had an average of 26 days on market in Mar 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
6 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 70445 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 70445; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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