Is 70460, 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, 70460 was a Seller's Market.
Housing Prices in 70460, LA
How much do homes in 70460, LA cost?
Median Sold Price
$209,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 70460 was $209,000 in May 2024, up 2% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.1K | $129.2K | +5.9% |
3 Bedrooms | $198.9K | $194K | -2.5% |
4 Bedrooms | $259K | $264.9K | +2.3% |
5+ Bedrooms | $275K | $315.9K | +14.9% |
Summary: 70460 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 increased by 5.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 70460, LA
How many homes are available in 70460, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 123 | +5.1% |
Summary: The 70460 real estate market had 123 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 58 | 61 | +5.2% |
4 Bedrooms | 37 | 42 | +13.5% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 70460 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 15 | -31.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 70460 in May 2024, down by 31.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 70460, LA
How long does it take to sell a home in 70460, LA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
88 Days | 34 Days | -60.5% |
Summary: Homes in 70460 had an average of 34 days on market in May 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
10 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, 15 homes were sold in 70460; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.