Is 71106, 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, 71106 has remained a Neutral Market.
Housing Prices in 71106, LA
How much do homes in 71106, LA cost?
Median Sold Price
$309,166
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 71106 was $309,166 in April 2024, down 0.3% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41.5K | $87.5K | +110.8% |
2 Bedrooms | $101K | $129.5K | +28.2% |
3 Bedrooms | $255K | $277K | +8.6% |
4 Bedrooms | $415K | $362.2K | -12.7% |
5+ Bedrooms | $544K | $640K | +17.6% |
Summary: 71106 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.8%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 71106, LA
How many homes are available in 71106, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
233 | 254 | +9.0% |
Summary: The 71106 real estate market had 254 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 87 | 103 | +18.4% |
4 Bedrooms | 93 | 97 | +4.3% |
5+ Bedrooms | 29 | 29 | 0.0% |
Summary: The 71106 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 38 | -17.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 71106 in April 2024, down by 17.4% month-over-month. Of the 38 sold homes, 61% were sold under asking, 29% were sold at asking, and 11% were sold over asking.
Days on Market for 71106, LA
How long does it take to sell a home in 71106, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 45 Days | +26.8% |
Summary: Homes in 71106 had an average of 45 days on market in Apr 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in 71106; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.