Is 70584, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70584 is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, 70584 has remained a Buyer's Market.

Key Takeaway

70584 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 70584, LA

How much do homes in 70584, LA cost?

Median Sold Price

$230,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,000(-2.1%)

Key Takeaway

Homes in 70584 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 70584 was $230,000 in September 2024, down 2.1% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $142.5K$125K
-12.3%
3 $213.7K$216K
+1.1%
4 $260.2K$262K
+0.7%
5+ $725K$657.1K
-9.4%

Summary: 70584 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Zip Codes

70570
+6.3%
70520
+3.4%
70584
-2.1%

Housing Supply in 70584, LA

How many homes are available in 70584, LA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
35350.0%

Summary: The 70584 real estate market had 35 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 22
0.0%
3 2019
-5.0%
4 1213
+8.3%
5+ 00
0.0%

Summary: The 70584 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70584, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 70584 in September 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 70584, LA

How long does it take to sell a home in 70584, LA?

Average Sale Time

Sep 2023Sep 2024CHANGE
94 Days179 Days+90.4%

Summary: Homes in 70584 had an average of 179 days on market in Sep 2024, up by 90.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 70584 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 1 homes were sold in 70584; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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