Is 70121, 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, 70121 was a Buyer's Market.
Housing Prices in 70121, LA
How much do homes in 70121, LA cost?
Median Sold Price
$265,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70121 was $265,000 in April 2024, down 1.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $193.5K | +33.5% |
2 Bedrooms | $240K | $217.2K | -9.5% |
3 Bedrooms | $289K | $295K | +2.1% |
4 Bedrooms | $282.5K | $355K | +25.7% |
5+ Bedrooms | $301.4K | $252.5K | -16.2% |
Summary: 70121 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 16.2%.
Housing Supply in 70121, LA
How many homes are available in 70121, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 66 | +4.8% |
Summary: The 70121 real estate market had 66 homes for sale in April 2024, a 4.8% 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 | 26 | 26 | 0.0% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 70121 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 4.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 70121 in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for 70121, LA
How long does it take to sell a home in 70121, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 50 Days | +591.8% |
Summary: Homes in 70121 had an average of 50 days on market in Apr 2024, up by 591.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in 70121; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.