$5,700 Closing Credit*
$480,000
6,000 SqFt
10 Beds
•7 Full Baths
Judy Walker, Listing Office: KELLER WILLIAMS REALTY 455-0100
Is 70043, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 70043 has remained a Buyer'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
$245,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.5%)
Key Takeaway
Homes in 70043 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 70043 was $245,000 in November 2024, up 6.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165.5K | $139K | -16.0% |
| 3 Bedrooms | $220K | $227.5K | +3.4% |
| 4 Bedrooms | $275K | $278.7K | +1.4% |
| 5+ Bedrooms | $257K | $292.5K | +13.8% |
Summary: 70043 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 decreased by 16%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 70043, LA
How many homes are available in 70043, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 115 | 122 | +6.1% |
Summary: The 70043 real estate market had 122 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 63 | 64 | +1.6% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The 70043 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 remained the same, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70043, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 70043 in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 63 Days | +44.5% |
Summary: Homes in 70043 had an average of 63 days on market in Nov 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 10 homes were sold in 70043; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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