Is 70555, 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, 70555 has remained a Seller's Market.
Housing Prices in 70555, LA
How much do homes in 70555, LA cost?
Median Sold Price
$245,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70555 was $245,000 in April 2024, down 0.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $124.9K | $168.5K | +34.9% |
3 Bedrooms | $233K | $234K | 0.4% |
4 Bedrooms | $265K | $258K | -2.6% |
5+ Bedrooms | $480K | $335K | -30.2% |
Summary: 70555 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 34.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 30.2%.
Median Sold Price Compared To Nearby Zip Codes
70555 | $246.5K | $245K | -0.6% |
70503 | $293K | $289.7K | -1.1% |
70592 | $289.7K | $279.2K | -3.6% |
70529 | $220.1K | $211K | -4.2% |
Housing Supply in 70555, LA
How many homes are available in 70555, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The 70555 real estate market had 31 homes for sale in April 2024, a 3.3% 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 | 13 | 15 | +15.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 70555 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 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 70555 in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 60% were sold at asking, and 10% were sold over asking.
Days on Market for 70555, LA
How long does it take to sell a home in 70555, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
109 Days | 67 Days | -38.0% |
Summary: Homes in 70555 had an average of 67 days on market in Apr 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 70555; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.