Is 70448, 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, 70448 was a Seller's Market.
Housing Prices in 70448, LA
How much do homes in 70448, LA cost?
Median Sold Price
$326,166
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70448 was $326,166 in March 2024, down 2.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $299.2K | N/A |
2 Bedrooms | $202.5K | $198K | -2.2% |
3 Bedrooms | $262K | $270K | +3.1% |
4 Bedrooms | $408.7K | $415K | +1.5% |
5+ Bedrooms | $530K | $625K | +17.9% |
Summary: 70448 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 decreased by 2.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in 70448, LA
How many homes are available in 70448, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 147 | +27.8% |
Summary: The 70448 real estate market had 147 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 51 | 58 | +13.7% |
4 Bedrooms | 35 | 56 | +60.0% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 70448 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 70448 in March 2024, the same as the previous month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 70448, LA
How long does it take to sell a home in 70448, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 57 Days | +143.7% |
Summary: Homes in 70448 had an average of 57 days on market in Mar 2024, up by 143.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 70448; 45% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.