$4,453 Closing Credit*
$375,000
2,572 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jodi Power, Listing Office: Power Realty, LLC
Is 70001, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 70001 was a Seller's Market.
Key Takeaway
70001 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70001, LA
How much do homes in 70001, LA cost?
Median Sold Price
$319,833
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,583(+0.5%)
Key Takeaway
The sold price of homes in 70001 has remained the same since last year.
Summary: The median home sold price in 70001 was $319,833 in October 2024, up 0.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.5K | $81.7K | -3.3% |
| 2 Bedrooms | $225K | $185K | -17.8% |
| 3 Bedrooms | $312.7K | $325K | +3.9% |
| 4 Bedrooms | $420K | $409.9K | -2.4% |
| 5+ Bedrooms | $480K | $410K | -14.6% |
Summary: 70001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 14.6%.
Housing Supply in 70001, LA
How many homes are available in 70001, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 155 | 176 | +13.5% |
Summary: The 70001 real estate market had 176 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 69 | 91 | +31.9% |
| 4 Bedrooms | 37 | 35 | -5.4% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The 70001 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 31.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70001, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 70001 in October 2024, the same as the previous month. Of the 25 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for 70001, LA
How long does it take to sell a home in 70001, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 63 Days | +18.6% |
Summary: Homes in 70001 had an average of 63 days on market in Oct 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70001 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 70001; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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