Is Broadmoor, 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, Broadmoor has remained a Seller's Market.
Housing Prices in Broadmoor, LA
How much do homes in Broadmoor, LA cost?
Median Sold Price
$194,100
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broadmoor was $194,100 in April 2024, up 2.4% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63.7K | $68.2K | +7.1% |
2 Bedrooms | $145K | $157K | +8.3% |
3 Bedrooms | $192K | $195K | +1.6% |
4 Bedrooms | $235K | $252K | +7.2% |
5+ Bedrooms | $220K | - | N/A |
Summary: Broadmoor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Madison Park | $110.3K | $143K | +29.6% |
Broadmoor | $189.5K | $194.1K | +2.4% |
South Highland | $282.6K | $277.5K | -1.8% |
Shreve Island | $199.5K | $191K | -4.3% |
Fairfield | $189K | $173.1K | -8.4% |
Housing Supply in Broadmoor, LA
How many homes are available in Broadmoor, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 74 | +12.1% |
Summary: The Broadmoor real estate market had 74 homes for sale in April 2024, a 12.1% 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 | 9 | 9 | 0.0% |
3 Bedrooms | 49 | 53 | +8.2% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broadmoor 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 8.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Broadmoor in April 2024, the same as the previous month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Broadmoor, LA
How long does it take to sell a home in Broadmoor, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 23 Days | -32.4% |
Summary: Homes in Broadmoor had an average of 23 days on market in Apr 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Broadmoor; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.