Is 70125, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 70125 was a Seller's Market.
Housing Prices in 70125, LA
How much do homes in 70125, LA cost?
Median Sold Price
$389,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 70125 was $389,000 in May 2024, down 2.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113K | - | N/A |
2 Bedrooms | $290K | $260K | -10.3% |
3 Bedrooms | $385K | $389.9K | +1.3% |
4 Bedrooms | $415K | $401K | -3.4% |
5+ Bedrooms | $495K | $450K | -9.1% |
Summary: 70125 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in 70125, LA
How many homes are available in 70125, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
129 | 134 | +3.9% |
Summary: The 70125 real estate market had 134 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 41 | 44 | +7.3% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 40 | 40 | 0.0% |
Summary: The 70125 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 70125 in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 70125, LA
How long does it take to sell a home in 70125, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 49 Days | +17.9% |
Summary: Homes in 70125 had an average of 49 days on market in May 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in 70125; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.