$5,344 Closing Credit*
$450,000
2,250 SqFt
4 Beds
•3 Full Baths
Brittany Picolo, Listing Office: Keller Williams Realty New Orleans
Is 70005, 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, 70005 was a Neutral Market.
Key Takeaway
70005 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70005, LA
How much do homes in 70005, LA cost?
Median Sold Price
$417,775
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,275(+3.8%)
Key Takeaway
Homes in 70005 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 70005 was $417,775 in November 2024, up 3.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $219.2K | +99.3% |
| 2 Bedrooms | $285K | $239K | -16.1% |
| 3 Bedrooms | $382.5K | $375K | -2.0% |
| 4 Bedrooms | $660K | $820K | +24.2% |
| 5+ Bedrooms | $1.1M | $1.1M | +2.2% |
Summary: 70005 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.3%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 70005, LA
How many homes are available in 70005, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 157 | 160 | +1.9% |
Summary: The 70005 real estate market had 160 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 61 | 61 | 0.0% |
| 4 Bedrooms | 36 | 44 | +22.2% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The 70005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70005, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 70005 in November 2024, the same as the previous month. Of the 18 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% were sold over asking.
Days on Market for 70005, LA
How long does it take to sell a home in 70005, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 68 Days | +5.0% |
Summary: Homes in 70005 had an average of 68 days on market in Nov 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70005 has remained consistent over time.
Summary: During November 2024, 18 homes were sold in 70005; 28% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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