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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70067 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 70067 was a Neutral Market.

Key Takeaway

70067 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 70067, LA

How much do homes in 70067, LA cost?

Median Sold Price

$182,870

$111/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$49,650(-21.4%)

Key Takeaway

Homes in 70067 have sold for 21.4% less than they did a month ago.

Summary: The median home sold price in 70067 was $182,870 in October 2024, down 21.4% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $171.5K$250.7K
+46.2%
4 $239.9K$115K
-52.1%
5+ --
N/A

Summary: 70067 housing prices by bedroom type for October 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 increased by 46.2%, 4 bedroom homes decreased by 52.1%, 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

Sep 2024Oct 2024CHANGE
2420-16.7%

Summary: The 70067 real estate market had 20 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 109
-10.0%
4 96
-33.3%
5+ 22
0.0%

Summary: The 70067 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 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 2 homes were sold or pending in 70067 in October 2024, down by 50.0% month-over-month. Of the 2 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

Sep 2024Oct 2024CHANGE
81 Days65 Days-19.4%

Summary: Homes in 70067 had an average of 65 days on market in Oct 2024, down by 19.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 October 2024, 2 homes were sold in 70067; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

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