$2,256 Closing Credit*
$190,000
828 SqFt
2 Beds
•1 Full Bath
Bonnie Buras, Listing Office: CBTEC BELLE CHASSE
Is 70053, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 70053 has remained a Neutral Market.
Key Takeaway
70053 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 70053, LA
How much do homes in 70053, LA cost?
Median Sold Price
$202,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,000(+3.6%)
Key Takeaway
Homes in 70053 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 70053 was $202,000 in October 2024, up 3.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $179.5K | $135K | -24.8% |
| 3 Bedrooms | $222.5K | $190K | -14.6% |
| 4 Bedrooms | $230K | $322K | +40.0% |
| 5+ Bedrooms | $243.3K | $258.7K | +6.4% |
Summary: 70053 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 decreased by 24.8%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 70053, LA
How many homes are available in 70053, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The 70053 real estate market had 56 homes for sale in October 2024, a 16.7% 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 70053 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 increased by 16.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70053, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 70053 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 70053, LA
How long does it take to sell a home in 70053, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 9 Days | -69.9% |
Summary: Homes in 70053 had an average of 9 days on market in Oct 2024, down by 69.9% compared to last year.
Breakdown of Home Sale Times
7 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 70053 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 70053; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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