$4,014 Closing Credit*
$338,000
1,667 SqFt
3 Beds
•2 Full Baths
Jennifer Shelley, Listing Office: Homesmart Realty South
Is 70037, 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, 70037 was a Seller's Market.
Key Takeaway
70037 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 70037, LA
How much do homes in 70037, LA cost?
Median Sold Price
$368,965
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$635(-0.2%)
Key Takeaway
The sold price of homes in 70037 has remained the same since last year.
Summary: The median home sold price in 70037 was $368,965 in October 2024, down 0.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $229.5K | +63.9% |
| 3 Bedrooms | $340.6K | $337K | -1.1% |
| 4 Bedrooms | $408K | $383.5K | -6.0% |
| 5+ Bedrooms | $495K | $425.2K | -14.1% |
Summary: 70037 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 63.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in 70037, LA
How many homes are available in 70037, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 69 | +1.5% |
Summary: The 70037 real estate market had 69 homes for sale in October 2024, a 1.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 36 | 34 | -5.6% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 70037 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 remained the same, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70037, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 70037 in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for 70037, LA
How long does it take to sell a home in 70037, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 50 Days | +178.5% |
Summary: Homes in 70037 had an average of 50 days on market in Oct 2024, up by 178.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70037 has remained consistent over time.
Summary: During October 2024, 10 homes were sold in 70037; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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