$1,722 Closing Credit*
$145,000
1,325 SqFt
3 Beds
•1 Full Bath, 1 Partial
Sean Mercer, Listing Office: KELLER WILLIAMS REALTY 455-0100
Is 70065, 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, 70065 was a Seller's Market.
Key Takeaway
70065 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 70065, LA
How much do homes in 70065, LA cost?
Median Sold Price
$285,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,966(+7.9%)
Key Takeaway
Homes in 70065 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 70065 was $285,000 in October 2024, up 7.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.7K | $93.3K | -8.3% |
| 2 Bedrooms | $132K | $141K | +6.8% |
| 3 Bedrooms | $250K | $269.4K | +7.8% |
| 4 Bedrooms | $352.5K | $355K | +0.7% |
| 5+ Bedrooms | $476K | $493.8K | +3.8% |
Summary: 70065 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 70065, LA
How many homes are available in 70065, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 200 | 199 | -0.5% |
Summary: The 70065 real estate market had 199 homes for sale in October 2024, a 0.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 105 | 105 | 0.0% |
| 4 Bedrooms | 58 | 54 | -6.9% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The 70065 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 increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70065, you may be able to get a good deal. 82.8% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 70065 in October 2024, down by 23.7% month-over-month. Of the 29 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 70065, LA
How long does it take to sell a home in 70065, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 70 Days | +20.6% |
Summary: Homes in 70065 had an average of 70 days on market in Oct 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70065 has remained consistent over time.
Summary: During October 2024, 29 homes were sold in 70065; 28% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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