Is 71060, 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, 71060 was a Neutral Market.
Key Takeaway
71060 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71060, LA
How much do homes in 71060, LA cost?
Median Sold Price
$140,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 71060 have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in 71060 was $140,000 in April 2024, down 8.8% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89K | $62.5K | -29.8% |
| 3 Bedrooms | $160K | $250K | +56.3% |
| 4 Bedrooms | $213K | $207.5K | -2.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: 71060 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 decreased by 29.8%, 3 bedroom homes increased by 56.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 71107 | $205K | $220K | +7.3% |
| 71060 | $153.5K | $140K | -8.8% |
| 71082 | $100K | $52.5K | -47.5% |
Housing Supply in 71060, LA
How many homes are available in 71060, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Summary: The 71060 real estate market had 1 homes for sale in April 2024, a 66.7% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 71060 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71060, 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 71060 in April 2024, down by 50.0% 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 71060, LA
How long does it take to sell a home in 71060, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 78 Days | +358.8% |
Summary: Homes in 71060 had an average of 78 days on market in Apr 2024, up by 358.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 71060 has remained consistent over time.
Summary: During April 2024, 1 homes were sold in 71060; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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