Is 71115, 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, 71115 was a Seller's Market.
Key Takeaway
71115 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 71115, LA
How much do homes in 71115, LA cost?
Median Sold Price
$235,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 71115 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 71115 was $235,000 in April 2024, up 4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.4K | - | N/A |
| 2 Bedrooms | $132.2K | $125K | -5.5% |
| 3 Bedrooms | $220K | $230K | +4.5% |
| 4 Bedrooms | $350K | $322.5K | -7.9% |
| 5+ Bedrooms | $525K | $480K | -8.6% |
Summary: 71115 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 5.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 8.6%.
Housing Supply in 71115, LA
How many homes are available in 71115, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 67 | +21.8% |
Summary: The 71115 real estate market had 67 homes for sale in April 2024, a 21.8% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 29 | 37 | +27.6% |
| 4 Bedrooms | 9 | 15 | +66.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 71115 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 decreased by 14.3%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71115, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 71115 in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 71115, LA
How long does it take to sell a home in 71115, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 28 Days | -18.9% |
Summary: Homes in 71115 had an average of 28 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 71115 has remained consistent over time.
Summary: During April 2024, 11 homes were sold in 71115; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.