$6,234 Closing Credit*
$525,000
3,022 SqFt
4 Beds
•3 Full Baths, 1 Partial
Tangie Stephens, Listing Office: KELLER WILLIAMS REALTY 455-0100
Is 70002, 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, 70002 was a Seller's Market.
Key Takeaway
70002 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 70002, LA
How much do homes in 70002, LA cost?
Median Sold Price
$345,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+3.8%)
Key Takeaway
Homes in 70002 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 70002 was $345,000 in October 2024, up 3.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $114K | -0.9% |
| 2 Bedrooms | $136.9K | $159.9K | +16.8% |
| 3 Bedrooms | $354.9K | $345K | -2.8% |
| 4 Bedrooms | $495K | $478.5K | -3.3% |
| 5+ Bedrooms | $482K | $430K | -10.8% |
Summary: 70002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 16.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in 70002, LA
How many homes are available in 70002, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 105 | +11.7% |
Summary: The 70002 real estate market had 105 homes for sale in October 2024, a 11.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 30 | 37 | +23.3% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 70002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70002, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 70002 in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 13% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 33 Days | +60.8% |
Summary: Homes in 70002 had an average of 33 days on market in Oct 2024, up by 60.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70002 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 70002; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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