$2,731 Closing Credit*
$230,000
2,256 SqFt
4 Beds
•3 Full Baths
Aimee Vaughn, Listing Office: Realty One Group Immobilia
Is 70003, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 70003 has remained a Seller's Market.
Key Takeaway
70003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70003, LA
How much do homes in 70003, LA cost?
Median Sold Price
$265,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,000(+2.3%)
Key Takeaway
Homes in 70003 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 70003 was $265,000 in October 2024, up 2.3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.7K | $71K | +4.8% |
| 2 Bedrooms | $112.5K | $120K | +6.7% |
| 3 Bedrooms | $245K | $253.7K | +3.6% |
| 4 Bedrooms | $322K | $315.5K | -2.0% |
| 5+ Bedrooms | $380K | $365K | -3.9% |
Summary: 70003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 70003, LA
How many homes are available in 70003, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 186 | -7.9% |
Summary: The 70003 real estate market had 186 homes for sale in October 2024, a 7.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 105 | 88 | -16.2% |
| 4 Bedrooms | 68 | 69 | +1.5% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 70003 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 33 | -17.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70003, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 70003 in October 2024, down by 17.5% month-over-month. Of the 33 sold homes, 73% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for 70003, LA
How long does it take to sell a home in 70003, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 75 Days | +94.4% |
Summary: Homes in 70003 had an average of 75 days on market in Oct 2024, up by 94.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70003 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 70003; 42% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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