$2,731 Closing Credit*
$230,000
1,253 SqFt
3 Beds
•2 Full Baths
Seecharran Santoke, Listing Office: McCarthy Group REALTORS
Is 70068, 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, 70068 was a Seller's Market.
Key Takeaway
70068 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70068, LA
How much do homes in 70068, LA cost?
Median Sold Price
$198,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.5%)
Key Takeaway
Homes in 70068 have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in 70068 was $198,500 in October 2024, down 0.5% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $129.5K | -4.1% |
| 3 Bedrooms | $190K | $189K | -0.5% |
| 4 Bedrooms | $225K | $232.4K | +3.3% |
| 5+ Bedrooms | $314.5K | $365K | +16.1% |
Summary: 70068 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 4.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 70068, LA
How many homes are available in 70068, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 130 | +1.6% |
Summary: The 70068 real estate market had 130 homes for sale in October 2024, a 1.6% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 74 | 77 | +4.1% |
| 4 Bedrooms | 45 | 45 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 70068 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 decreased by 33.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70068, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 70068 in October 2024, down by 40.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 70068, LA
How long does it take to sell a home in 70068, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 81 Days | +6.1% |
Summary: Homes in 70068 had an average of 81 days on market in Oct 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70068 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 70068; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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