Is 71108, 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, 71108 has remained a Buyer's Market.
Housing Prices in 71108, LA
How much do homes in 71108, LA cost?
Median Sold Price
$47,500
$44/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 71108 was $47,500 in April 2024, up 5.6% from last year, and the median price per square foot was $44.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $26K | $41.2K | +58.5% |
2 Bedrooms | $30.2K | $34K | +12.4% |
3 Bedrooms | $56.5K | $59K | +4.4% |
4 Bedrooms | $45K | $64.8K | +44.0% |
5+ Bedrooms | $102.5K | - | N/A |
Summary: 71108 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.5%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 44%, and 5+ bedroom homes did not change.
Housing Supply in 71108, LA
How many homes are available in 71108, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 90 | -4.3% |
Summary: The 71108 real estate market had 90 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 35 | 35 | 0.0% |
3 Bedrooms | 50 | 47 | -6.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 71108 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 71108 in April 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for 71108, LA
How long does it take to sell a home in 71108, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 18 Days | -65.7% |
Summary: Homes in 71108 had an average of 18 days on market in Apr 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 71108; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.