Is 71105, 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, 71105 has remained a Seller's Market.
Housing Prices in 71105, LA
How much do homes in 71105, LA cost?
Median Sold Price
$199,900
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 71105 was $199,900 in April 2024, down 0.1% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.7K | $91K | +3.7% |
2 Bedrooms | $138.5K | $140K | +1.1% |
3 Bedrooms | $197.1K | $199.9K | +1.4% |
4 Bedrooms | $265K | $267K | +0.8% |
5+ Bedrooms | $282.4K | $380.7K | +34.8% |
Summary: 71105 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 34.8%.
Housing Supply in 71105, LA
How many homes are available in 71105, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 136 | +10.6% |
Summary: The 71105 real estate market had 136 homes for sale in April 2024, a 10.6% 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 | 14 | 16 | +14.3% |
3 Bedrooms | 83 | 93 | +12.0% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 71105 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 increased by 14.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 71105 in April 2024, up by 24.0% month-over-month. Of the 31 sold homes, 68% were sold under asking, 26% were sold at asking, and 6% were sold over asking.
Days on Market for 71105, LA
How long does it take to sell a home in 71105, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 53 Days | +43.2% |
Summary: Homes in 71105 had an average of 53 days on market in Apr 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 71105; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.