Is Uptown, 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, Uptown was a Seller's Market.
Key Takeaway
Uptown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Uptown, LA
How much do homes in Uptown, LA cost?
Median Sold Price
$645,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Uptown have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Uptown was $645,000 in April 2024, up 2.4% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309K | $248.2K | -19.7% |
| 2 Bedrooms | $470K | $380K | -19.1% |
| 3 Bedrooms | $685.5K | $672K | -2.0% |
| 4 Bedrooms | $782.2K | $852.5K | +9.0% |
| 5+ Bedrooms | $1.1M | $820K | -27.5% |
Summary: Uptown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Touro | $560K | $763.3K | +36.3% |
| West Riverside | $617.5K | $650K | +5.3% |
| Uptown | $629.9K | $645K | +2.4% |
| Freret | $505K | $515K | +2.0% |
| Milan | $403K | $400K | -0.7% |
Housing Supply in Uptown, LA
How many homes are available in Uptown, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Summary: The Uptown real estate market had 60 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Uptown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Uptown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Uptown in April 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Uptown, LA
How long does it take to sell a home in Uptown, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 13 Days | -76.3% |
Summary: Homes in Uptown had an average of 13 days on market in Apr 2024, down by 76.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Uptown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Uptown; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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