Is 70462, 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, 70462 was a Seller's Market.
Housing Prices in 70462, LA
How much do homes in 70462, LA cost?
Median Sold Price
$295,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70462 was $295,000 in April 2024, down 9.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $100K | +14.3% |
2 Bedrooms | $217.5K | $213.9K | -1.6% |
3 Bedrooms | $300K | $287.5K | -4.2% |
4 Bedrooms | $369.9K | $394.4K | +6.6% |
5+ Bedrooms | $446.9K | $484.5K | +8.4% |
Summary: 70462 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8.4%.
Housing Supply in 70462, LA
How many homes are available in 70462, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 20 | -23.1% |
Summary: The 70462 real estate market had 20 homes for sale in April 2024, a 23.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 70462 housing inventory by bedroom type for April 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 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 70462 in April 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70462, LA
How long does it take to sell a home in 70462, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
125 Days | 30 Days | -76.1% |
Summary: Homes in 70462 had an average of 30 days on market in Apr 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 70462; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.