Is 70471, 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, 70471 has remained a Seller's Market.
Housing Prices in 70471, LA
How much do homes in 70471, LA cost?
Median Sold Price
$370,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 70471 was $370,000 in March 2024, up 2.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | - | N/A |
2 Bedrooms | $157K | $159.2K | +1.4% |
3 Bedrooms | $281.5K | $284.9K | +1.2% |
4 Bedrooms | $449K | $452.5K | +0.8% |
5+ Bedrooms | $629K | $642.7K | +2.2% |
Summary: 70471 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 increased by 1.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 70471, LA
How many homes are available in 70471, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
122 | 141 | +15.6% |
Summary: The 70471 real estate market had 141 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 38 | 40 | +5.3% |
4 Bedrooms | 45 | 51 | +13.3% |
5+ Bedrooms | 27 | 34 | +25.9% |
Summary: The 70471 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 31 | +82.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 70471 in March 2024, up by 82.4% month-over-month. Of the 31 sold homes, 74% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for 70471, LA
How long does it take to sell a home in 70471, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 44 Days | +41.7% |
Summary: Homes in 70471 had an average of 44 days on market in Mar 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 70471; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.