Is 71071, 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, 71071 has remained a Seller's Market.
Housing Prices in 71071, LA
How much do homes in 71071, LA cost?
Median Sold Price
$114,650
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 71071 was $114,650 in April 2024, up 0.5% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $78K | $69.9K | -10.4% |
3 Bedrooms | $114K | $61.5K | -46.1% |
4 Bedrooms | $130.5K | $234K | +79.3% |
5+ Bedrooms | - | - | N/A |
Summary: 71071 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 10.4%, 3 bedroom homes decreased by 46.1%, 4 bedroom homes increased by 79.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
71071 | $114K | $114.6K | 0.5% |
71075 | $109.9K | $95.9K | -12.7% |
Housing Supply in 71071, LA
How many homes are available in 71071, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The 71071 real estate market had 7 homes for sale in April 2024, the same as 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 | 4 | 4 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71071 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 71071 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 71071, LA
How long does it take to sell a home in 71071, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 93 Days | +14.8% |
Summary: Homes in 71071 had an average of 93 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 71071; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.