$4,334 Closing Credit*
$365,000
1,895 SqFt
4 Beds
•2 Full Baths
Bernard Engert, Listing Office: Berkshire Hathaway HomeServices Preferred, REALTOR
Is 70037, 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, 70037 was a Seller's Market.
Key Takeaway
70037 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70037, LA
How much do homes in 70037, LA cost?
Median Sold Price
$365,720
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,300(-0.6%)
Key Takeaway
Homes in 70037 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 70037 was $365,720 in November 2024, down 0.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $220K | +51.7% |
| 3 Bedrooms | $340.6K | $329K | -3.4% |
| 4 Bedrooms | $403.2K | $383.1K | -5.0% |
| 5+ Bedrooms | $450K | $460.1K | +2.3% |
Summary: 70037 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in 70037, LA
How many homes are available in 70037, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 63 | -10.0% |
Summary: The 70037 real estate market had 63 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 70037 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 increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70037, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 70037 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 22 Days | +4.7% |
Summary: Homes in 70037 had an average of 22 days on market in Nov 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70037 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 70037; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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