Is 70448, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 70448 has remained a Seller's Market.
Key Takeaway
70448 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70448, LA
How much do homes in 70448, LA cost?
Median Sold Price
$329,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 70448 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 70448 was $329,000 in April 2024, down 1.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299.2K | N/A |
| 2 Bedrooms | $203K | $198K | -2.5% |
| 3 Bedrooms | $262K | $269K | +2.7% |
| 4 Bedrooms | $402K | $404K | 0.5% |
| 5+ Bedrooms | $550K | $625K | +13.6% |
Summary: 70448 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in 70448, LA
How many homes are available in 70448, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 169 | +22.5% |
Summary: The 70448 real estate market had 169 homes for sale in April 2024, a 22.5% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 54 | 65 | +20.4% |
| 4 Bedrooms | 51 | 66 | +29.4% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The 70448 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 decreased by 8.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 33 | +65.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70448, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 70448 in April 2024, up by 65.0% month-over-month. Of the 33 sold homes, 61% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for 70448, LA
How long does it take to sell a home in 70448, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 36 Days | +152.7% |
Summary: Homes in 70448 had an average of 36 days on market in Apr 2024, up by 152.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70448 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in 70448; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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