$1,781 Closing Credit*
$150,000
1,925 SqFt
5 Beds
•2 Full Baths
Troy Mire, Listing Office: LATTER & BLUM (LATT30)
Is 70094, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 70094 was a Seller's Market.
Key Takeaway
70094 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70094, LA
How much do homes in 70094, LA cost?
Median Sold Price
$180,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-2.7%)
Key Takeaway
Homes in 70094 have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in 70094 was $180,000 in November 2024, down 2.7% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | - | N/A |
| 2 Bedrooms | $128.7K | $133K | +3.3% |
| 3 Bedrooms | $175K | $152.5K | -12.9% |
| 4 Bedrooms | $240K | $235K | -2.1% |
| 5+ Bedrooms | $229K | $315K | +37.6% |
Summary: 70094 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 37.6%.
Housing Supply in 70094, LA
How many homes are available in 70094, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 90 | -2.2% |
Summary: The 70094 real estate market had 90 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 56 | 56 | 0.0% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 70094 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70094, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 70094 in November 2024, down by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 56 Days | +176.2% |
Summary: Homes in 70094 had an average of 56 days on market in Nov 2024, up by 176.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70094 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 70094; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.