Is 70094, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70094 is a neutral'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

# BEDSOct 2023Oct 2024CHANGE
1 $63K-
N/A
2 $110K$139K
+26.4%
3 $175K$152.5K
-12.9%
4 $242K$226.5K
-6.4%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

70123
+7.9%
70072
+1.0%
70121
-0.3%
70094
-2.4%

Housing Supply in 70094, LA

How many homes are available in 70094, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8990+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 5253
+1.9%
4 2927
-6.9%
5+ 34
+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 2024Oct 2024CHANGE
1713-23.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
61 Days84 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 70094, LA

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