Is 70123, 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, 70123 was a Seller's Market.
Housing Prices in 70123, LA
How much do homes in 70123, LA cost?
Median Sold Price
$320,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 70123 was $320,000 in April 2024, up 2.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | $131K | +2.7% |
2 Bedrooms | $219.9K | $202.5K | -7.9% |
3 Bedrooms | $302K | $315K | +4.3% |
4 Bedrooms | $405K | $407.5K | +0.6% |
5+ Bedrooms | $590K | $562K | -4.7% |
Summary: 70123 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 70123, LA
How many homes are available in 70123, LA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 | 139 | +26.4% |
Summary: The 70123 real estate market had 139 homes for sale in April 2024, a 26.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 51 | 65 | +27.5% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 22 | 31 | +40.9% |
Summary: The 70123 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 40.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 70123 in April 2024, up by 35.3% month-over-month. Of the 23 sold homes, 78% were sold under asking, 17% were sold at asking, and 4% were sold over asking.
Days on Market for 70123, LA
How long does it take to sell a home in 70123, LA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 40 Days | -20.2% |
Summary: Homes in 70123 had an average of 40 days on market in Apr 2024, down by 20.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 70123; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.