$2,114 Closing Credit*
$178,000
1,790 SqFt
3 Beds
•1 Full Bath, 1 Partial
Gary Rachel, Listing Office: Homesmart Realty South
Is 70094, 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, 70094 was a Seller's Market.
Key Takeaway
70094 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 70094, LA
How much do homes in 70094, LA cost?
Median Sold Price
$180,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,500(-2.4%)
Key Takeaway
Homes in 70094 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 70094 was $180,000 in October 2024, down 2.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | - | N/A |
| 2 Bedrooms | $110K | $139K | +26.4% |
| 3 Bedrooms | $175K | $152.5K | -12.9% |
| 4 Bedrooms | $242K | $226.5K | -6.4% |
| 5+ Bedrooms | $229.5K | $300K | +30.7% |
Summary: 70094 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 increased by 26.4%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 30.7%.
Housing Supply in 70094, LA
How many homes are available in 70094, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 90 | +1.1% |
Summary: The 70094 real estate market had 90 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 52 | 53 | +1.9% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 70094 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 increased by 25%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70094, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 70094 in October 2024, down by 23.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for 70094, LA
How long does it take to sell a home in 70094, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 84 Days | +37.3% |
Summary: Homes in 70094 had an average of 84 days on market in Oct 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70094 has remained consistent over time.
Summary: During October 2024, 13 homes were sold in 70094; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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