$73,500
0.43 Acres
Land
Monique Gros, Listing Office: LATTER & BLUM (LATT21)
Is 70039, 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, 70039 was a Seller's Market.
Key Takeaway
70039 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 70039, LA
How much do homes in 70039, LA cost?
Median Sold Price
$196,250
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,750(-4.7%)
Key Takeaway
Homes in 70039 have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in 70039 was $196,250 in October 2024, down 4.7% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $123K | $185K | +50.4% |
| 3 Bedrooms | $212K | $200K | -5.7% |
| 4 Bedrooms | $71K | $224K | +215.5% |
| 5+ Bedrooms | - | $202.5K | N/A |
Summary: 70039 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 50.4%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 215.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 70070 | $273.9K | $277K | +1.1% |
| 70039 | $206K | $196.2K | -4.7% |
Housing Supply in 70039, LA
How many homes are available in 70039, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The 70039 real estate market had 6 homes for sale in October 2024, a 25.0% decrease 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 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 70039 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70039, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 70039 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 70039, LA
How long does it take to sell a home in 70039, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 2 Days | -88.6% |
Summary: Homes in 70039 had an average of 2 days on market in Oct 2024, down by 88.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70039 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 70039; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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