Is 71119, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 71119 was a Seller's Market.
Housing Prices in 71119, LA
How much do homes in 71119, LA cost?
Median Sold Price
$200,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 71119 was $200,000 in March 2024, up 5.8% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125K | $141.3K | +13.1% |
3 Bedrooms | $185K | $189K | +2.2% |
4 Bedrooms | $228K | $221.5K | -2.9% |
5+ Bedrooms | $610K | $252K | -58.7% |
Summary: 71119 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 58.7%.
Housing Supply in 71119, LA
How many homes are available in 71119, LA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 50 | +25.0% |
Summary: The 71119 real estate market had 50 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 71119 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 71119 in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for 71119, LA
How long does it take to sell a home in 71119, LA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 71 Days | +63.5% |
Summary: Homes in 71119 had an average of 71 days on market in Mar 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 71119; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.