$5,759 Closing Credit*
$485,000
2,140 SqFt
3 Beds
•2 Full Baths
Vadim Matcovschi, Listing Office: KELLER WILLIAMS REALTY 455-0100
Is 70006, 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, 70006 was a Seller's Market.
Key Takeaway
70006 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70006, LA
How much do homes in 70006, LA cost?
Median Sold Price
$325,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.5%)
Key Takeaway
Homes in 70006 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 70006 was $325,000 in November 2024, down 1.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.5K | $125K | -7.1% |
| 2 Bedrooms | $151K | $145K | -4.0% |
| 3 Bedrooms | $301.5K | $286.3K | -5.0% |
| 4 Bedrooms | $380K | $398K | +4.7% |
| 5+ Bedrooms | $492.7K | $480K | -2.6% |
Summary: 70006 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 70006, LA
How many homes are available in 70006, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The 70006 real estate market had 75 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 70006 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 16.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70006, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 70006 in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70006, LA
How long does it take to sell a home in 70006, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 71 Days | +96.1% |
Summary: Homes in 70006 had an average of 71 days on market in Nov 2024, up by 96.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70006 has remained consistent over time.
Summary: During November 2024, 8 homes were sold in 70006; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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