Is 70454, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 70454 was a Seller's Market.
Key Takeaway
70454 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 70454, LA
How much do homes in 70454, LA cost?
Median Sold Price
$241,423
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 70454 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 70454 was $241,423 in April 2024, down 3.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $206K | +64.8% |
| 2 Bedrooms | $134K | $142K | +6.0% |
| 3 Bedrooms | $229.9K | $225K | -2.2% |
| 4 Bedrooms | $291.4K | $293K | 0.5% |
| 5+ Bedrooms | $350K | $346.4K | -1.0% |
Summary: 70454 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.8%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 70454, LA
How many homes are available in 70454, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 163 | 174 | +6.7% |
Summary: The 70454 real estate market had 174 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 76 | 83 | +9.2% |
| 4 Bedrooms | 69 | 69 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 70454 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 increased by 66.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70454, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 70454 in April 2024, up by 7.7% month-over-month. Of the 28 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for 70454, LA
How long does it take to sell a home in 70454, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 58 Days | +25.2% |
Summary: Homes in 70454 had an average of 58 days on market in Apr 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70454 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 70454; 43% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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