$16,000
0.12 Acres
Land
Cory Cheramie, Listing Office: Generations Realty Group, LLC
Is 70085, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, 70085 was a Seller's Market.
Key Takeaway
70085 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70085, LA
How much do homes in 70085, LA cost?
Median Sold Price
$175,300
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,300(+8.2%)
Key Takeaway
Homes in 70085 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 70085 was $175,300 in September 2024, up 8.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $142.5K | $172.8K | +21.3% |
| 3 Bedrooms | $165K | $141.5K | -14.2% |
| 4 Bedrooms | $123.5K | $407.5K | +230.0% |
| 5+ Bedrooms | $575K | $493.5K | -14.2% |
Summary: 70085 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 230%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Zip Codes
| 70085 | $162K | $175.3K | +8.2% |
| 70092 | $177.5K | $187K | +5.4% |
Housing Supply in 70085, LA
How many homes are available in 70085, LA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The 70085 real estate market had 20 homes for sale in September 2024, a 25.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 70085 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70085, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 70085 in September 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 70085, LA
How long does it take to sell a home in 70085, LA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 16 Days | -57.7% |
Summary: Homes in 70085 had an average of 16 days on market in Sep 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70085 are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in 70085; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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