Is 71109, 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, 71109 was a Seller's Market.
Housing Prices in 71109, LA
How much do homes in 71109, LA cost?
Median Sold Price
$40,356
$34/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 71109 was $40,356 in April 2024, down 3.9% from last year, and the median price per square foot was $34.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $35K | $33K | -5.7% |
3 Bedrooms | $49.5K | $42.9K | -13.3% |
4 Bedrooms | $140K | $62.1K | -55.6% |
5+ Bedrooms | $48K | $205K | +327.1% |
Summary: 71109 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 5.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes increased by 327.1%.
Housing Supply in 71109, LA
How many homes are available in 71109, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 69 | -5.5% |
Summary: The 71109 real estate market had 69 homes for sale in April 2024, a 5.5% decrease 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 | 23 | -4.2% |
3 Bedrooms | 40 | 36 | -10.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71109 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 decreased by 4.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 71109 in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for 71109, LA
How long does it take to sell a home in 71109, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 37 Days | +57.9% |
Summary: Homes in 71109 had an average of 37 days on market in Apr 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 71109; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.