Is 71129, 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, 71129 has remained a Seller's Market.
Housing Prices in 71129, LA
How much do homes in 71129, LA cost?
Median Sold Price
$219,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 71129 was $219,000 in April 2024, up 9.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $64.7K | -4.8% |
2 Bedrooms | $100K | $75K | -25.0% |
3 Bedrooms | $199.4K | $215K | +7.8% |
4 Bedrooms | $274.2K | $313.1K | +14.2% |
5+ Bedrooms | $464.9K | $435K | -6.4% |
Summary: 71129 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 71129, LA
How many homes are available in 71129, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The 71129 real estate market had 34 homes for sale in April 2024, a 6.3% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71129 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 71129 in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 88% were sold at asking, and 0% were sold over asking.
Days on Market for 71129, LA
How long does it take to sell a home in 71129, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 20 Days | -54.9% |
Summary: Homes in 71129 had an average of 20 days on market in Apr 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 71129; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.