Is 70518, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 70518 has remained a Seller's Market.
Housing Prices in 70518, LA
How much do homes in 70518, LA cost?
Median Sold Price
$295,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70518 was $295,000 in April 2024, down 4.2% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $149K | N/A |
2 Bedrooms | $120K | $129.9K | +8.3% |
3 Bedrooms | $266.2K | $260K | -2.3% |
4 Bedrooms | $373.7K | $378.3K | +1.3% |
5+ Bedrooms | $590K | $578K | -2.0% |
Summary: 70518 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Zip Codes
70582 | $182K | $182.5K | 0.3% |
70592 | $289.7K | $279.2K | -3.6% |
70518 | $308K | $295K | -4.2% |
70508 | $285K | $269.1K | -5.6% |
Housing Supply in 70518, LA
How many homes are available in 70518, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 111 | +5.7% |
Summary: The 70518 real estate market had 111 homes for sale in April 2024, a 5.7% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 64 | 71 | +10.9% |
4 Bedrooms | 36 | 33 | -8.3% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 70518 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 decreased by 100%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 70518 in April 2024, down by 17.4% month-over-month. Of the 19 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.
Days on Market for 70518, LA
How long does it take to sell a home in 70518, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 54 Days | +0.7% |
Summary: Homes in 70518 had an average of 54 days on market in Apr 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 70518; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.