Is South Lakeshore, 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, South Lakeshore was a Seller's Market.
Key Takeaway
South Lakeshore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Lakeshore, LA
How much do homes in South Lakeshore, LA cost?
Median Sold Price
$231,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in South Lakeshore has remained the same since last year.
Summary: The median home sold price in South Lakeshore was $231,000 in April 2024, down 0.4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $99.9K | $148.7K | +48.8% |
| 3 Bedrooms | $217K | $235K | +8.3% |
| 4 Bedrooms | $334.4K | $365K | +9.1% |
| 5+ Bedrooms | $610K | $205K | -66.4% |
Summary: South Lakeshore 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 increased by 48.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 66.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Country Club | $49.7K | $62.9K | +26.4% |
| Westwood | $108K | $134K | +24.1% |
| Queensborough | $34.1K | $40K | +17.1% |
| South Lakeshore | $232K | $231K | -0.4% |
Housing Supply in South Lakeshore, LA
How many homes are available in South Lakeshore, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The South Lakeshore real estate market had 27 homes for sale in April 2024, a 22.7% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The South Lakeshore 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 100%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Lakeshore, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Lakeshore in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Lakeshore, LA
How long does it take to sell a home in South Lakeshore, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 104 Days | 18 Days | -82.3% |
Summary: Homes in South Lakeshore had an average of 18 days on market in Apr 2024, down by 82.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Lakeshore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in South Lakeshore; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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