$10,000 Closing Credit*
$2,295,000
5,044 SqFt
5 Beds
•4 Full Baths, 2 Partial
Brittany Picolo, Listing Office: Keller Williams Realty New Orleans
Is 70001, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 70001 was a Seller's Market.
Key Takeaway
70001 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 70001, LA
How much do homes in 70001, LA cost?
Median Sold Price
$319,750
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,583(+1.1%)
Key Takeaway
Homes in 70001 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 70001 was $319,750 in November 2024, up 1.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $81.7K | -2.1% |
| 2 Bedrooms | $226.5K | $185K | -18.3% |
| 3 Bedrooms | $316.5K | $325K | +2.7% |
| 4 Bedrooms | $455.5K | $408K | -10.4% |
| 5+ Bedrooms | $482.5K | $392.5K | -18.7% |
Summary: 70001 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 18.7%.
Housing Supply in 70001, LA
How many homes are available in 70001, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 175 | 180 | +2.9% |
Summary: The 70001 real estate market had 180 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 89 | 84 | -5.6% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The 70001 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
3 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. 82.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 70001 in November 2024, up by 7.4% month-over-month. Of the 29 sold homes, 83% were sold under asking, 10% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 49 Days | -9.4% |
Summary: Homes in 70001 had an average of 49 days on market in Nov 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 29 homes were sold in 70001; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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