$2,019 Closing Credit*
$170,000
1,800 SqFt
4 Beds
•2 Full Baths
Nancy Guepet, Listing Office: KELLER WILLIAMS REALTY 455-0100
Is 70003, 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, 70003 was a Seller's Market.
Key Takeaway
70003 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 70003, LA
How much do homes in 70003, LA cost?
Median Sold Price
$264,875
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,375(+2.5%)
Key Takeaway
Homes in 70003 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 70003 was $264,875 in November 2024, up 2.5% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.2K | $75K | +14.9% |
| 2 Bedrooms | $130K | $117.5K | -9.6% |
| 3 Bedrooms | $245K | $253.2K | +3.4% |
| 4 Bedrooms | $321K | $315.5K | -1.7% |
| 5+ Bedrooms | $380K | $365K | -3.9% |
Summary: 70003 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 167 | -7.2% |
Summary: The 70003 real estate market had 167 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 87 | 81 | -6.9% |
| 4 Bedrooms | 65 | 56 | -13.8% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The 70003 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 24 | -33.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70003, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 70003 in November 2024, down by 33.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 38% were sold at asking, and 4% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 38 Days | +19.6% |
Summary: Homes in 70003 had an average of 38 days on market in Nov 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 24 homes were sold in 70003; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.