Is 70067, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70067 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 70067 was a Buyer's Market.

Key Takeaway

70067 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 70067, LA

How much do homes in 70067, LA cost?

Median Sold Price

$235,655

$148/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$52,785(+28.9%)

Key Takeaway

Homes in 70067 have sold for 28.9% more than they did a month ago.

Summary: The median home sold price in 70067 was $235,655 in November 2024, up 28.9% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $250.7K$235.6K
-6.0%
4 $115K$240.5K
+109.2%
5+ --
N/A

Summary: 70067 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 109.2%, and 5+ bedroom homes did not change.

Housing Supply in 70067, LA

How many homes are available in 70067, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1920+5.3%

Summary: The 70067 real estate market had 20 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 88
0.0%
4 67
+16.7%
5+ 22
0.0%

Summary: The 70067 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 remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70067, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 70067 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 70067, LA

How long does it take to sell a home in 70067, LA?

Average Sale Time

Oct 2024Nov 2024CHANGE
65 Days46 Days-29.8%

Summary: Homes in 70067 had an average of 46 days on market in Nov 2024, down by 29.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 70067 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 70067; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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