$3,028 Closing Credit*
$255,000
2,190 SqFt
4 Beds
•2 Full Baths
April Brown, Listing Office: Hospitality Realty
Is 70058, 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, 70058 has remained a Seller's Market.
Key Takeaway
70058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70058, LA
How much do homes in 70058, LA cost?
Median Sold Price
$215,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,300(-2.0%)
Key Takeaway
Homes in 70058 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 70058 was $215,000 in October 2024, down 2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $96K | +53.6% |
| 2 Bedrooms | $100K | $139K | +39.0% |
| 3 Bedrooms | $219K | $215K | -1.8% |
| 4 Bedrooms | $255K | $240K | -5.9% |
| 5+ Bedrooms | $280K | $350K | +25.0% |
Summary: 70058 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 39%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 25%.
Housing Supply in 70058, LA
How many homes are available in 70058, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 111 | +0.9% |
Summary: The 70058 real estate market had 111 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 62 | 58 | -6.5% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 70058 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70058, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 70058 in October 2024, down by 13.6% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.
Days on Market for 70058, LA
How long does it take to sell a home in 70058, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 47 Days | -32.5% |
Summary: Homes in 70058 had an average of 47 days on market in Oct 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70058 has remained consistent over time.
Summary: During October 2024, 19 homes were sold in 70058; 32% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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