$45,000
0.13 Acres
Land
Amanda Miller, Listing Office: Amanda Miller Realty, LLC
Is 70032, 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, 70032 was a Seller's Market.
Key Takeaway
70032 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70032, LA
How much do homes in 70032, LA cost?
Median Sold Price
$281,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,500(-12.6%)
Key Takeaway
Homes in 70032 have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in 70032 was $281,000 in October 2024, down 12.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169K | $177.5K | +5.0% |
| 3 Bedrooms | $294.5K | $275K | -6.6% |
| 4 Bedrooms | $391.2K | $337.5K | -13.7% |
| 5+ Bedrooms | $384.5K | $379.9K | -1.2% |
Summary: 70032 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 70032, LA
How many homes are available in 70032, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The 70032 real estate market had 51 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 70032 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70032, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 70032 in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 70032, LA
How long does it take to sell a home in 70032, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 117 Days | 70 Days | -40.6% |
Summary: Homes in 70032 had an average of 70 days on market in Oct 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70032 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 70032; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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