$2,126 Closing Credit*
$179,000
1,550 SqFt
3 Beds
•2 Full Baths
Shontel Gremillion, Listing Office: Southern Real Estate Professionals, LLC
Is 70043, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, 70043 was a Seller's Market.
Key Takeaway
70043 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70043, LA
How much do homes in 70043, LA cost?
Median Sold Price
$238,750
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$8,750(+3.8%)
Key Takeaway
Homes in 70043 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 70043 was $238,750 in September 2024, up 3.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | - | N/A |
| 2 Bedrooms | $167K | $137K | -18.0% |
| 3 Bedrooms | $220K | $230K | +4.5% |
| 4 Bedrooms | $272.5K | $269.9K | -0.9% |
| 5+ Bedrooms | $257K | $255K | -0.8% |
Summary: 70043 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 70043, LA
How many homes are available in 70043, LA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 107 | 117 | +9.3% |
Summary: The 70043 real estate market had 117 homes for sale in September 2024, a 9.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 62 | 67 | +8.1% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The 70043 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70043, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 70043 in September 2024, down by 55.6% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 70043, LA
How long does it take to sell a home in 70043, LA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 60 Days | +52.3% |
Summary: Homes in 70043 had an average of 60 days on market in Sep 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70043 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in 70043; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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