$5,225 Closing Credit*
$439,980
2,606 SqFt
5 Beds
•3 Full Baths
Nina Loup, Listing Office: LATTER & BLUM (LATT30)
Is 70002, 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, 70002 was a Seller's Market.
Key Takeaway
70002 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70002, LA
How much do homes in 70002, LA cost?
Median Sold Price
$345,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,001(+6.2%)
Key Takeaway
Homes in 70002 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 70002 was $345,000 in November 2024, up 6.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $117K | +4.5% |
| 2 Bedrooms | $153K | $154.9K | +1.3% |
| 3 Bedrooms | $345K | $349.7K | +1.4% |
| 4 Bedrooms | $497.5K | $466K | -6.3% |
| 5+ Bedrooms | $471K | $407.5K | -13.5% |
Summary: 70002 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 13.5%.
Housing Supply in 70002, LA
How many homes are available in 70002, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 100 | -2.0% |
Summary: The 70002 real estate market had 100 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 38 | 40 | +5.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 70002 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70002, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 70002 in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for 70002, LA
How long does it take to sell a home in 70002, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 23 Days | -63.1% |
Summary: Homes in 70002 had an average of 23 days on market in Nov 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70002 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 70002; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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