Is 70119, 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, 70119 was a Seller's Market.
Housing Prices in 70119, LA
How much do homes in 70119, LA cost?
Median Sold Price
$362,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70119 was $362,500 in April 2024, down 4.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $241K | -22.9% |
2 Bedrooms | $320K | $280K | -12.5% |
3 Bedrooms | $382K | $400K | +4.7% |
4 Bedrooms | $400K | $390K | -2.5% |
5+ Bedrooms | $496K | $450K | -9.3% |
Summary: 70119 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.9%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 9.3%.
Housing Supply in 70119, LA
How many homes are available in 70119, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
201 | 224 | +11.4% |
Summary: The 70119 real estate market had 224 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 39 | 42 | +7.7% |
3 Bedrooms | 54 | 61 | +13.0% |
4 Bedrooms | 49 | 59 | +20.4% |
5+ Bedrooms | 51 | 51 | 0.0% |
Summary: The 70119 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 70119 in April 2024, up by 16.7% month-over-month. Of the 28 sold homes, 86% were sold under asking, 11% were sold at asking, and 4% were sold over asking.
Days on Market for 70119, LA
How long does it take to sell a home in 70119, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 74 Days | +97.6% |
Summary: Homes in 70119 had an average of 74 days on market in Apr 2024, up by 97.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 70119; 46% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.