$8,906 Closing Credit*
$750,000
1,017 SqFt
2 Beds
•1 Full Bath
Shelley Lawrence, Listing Office: LATTER & BLUM (LATT09)
Is 70112, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 70112 has remained a Buyer's Market.
Key Takeaway
70112 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70112, LA
How much do homes in 70112, LA cost?
Median Sold Price
$299,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$35,453(-10.6%)
Key Takeaway
Homes in 70112 have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in 70112 was $299,500 in October 2024, down 10.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310.1K | $215K | -30.7% |
| 2 Bedrooms | $365K | $332.5K | -8.9% |
| 3 Bedrooms | $465K | $434.5K | -6.5% |
| 4 Bedrooms | $759.2K | $213.5K | -71.9% |
| 5+ Bedrooms | $385K | $332.5K | -13.6% |
Summary: 70112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.7%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 71.9%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in 70112, LA
How many homes are available in 70112, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 52 | +13.0% |
Summary: The 70112 real estate market had 52 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 70112 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70112, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 70112 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70112, LA
How long does it take to sell a home in 70112, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 83 Days | 179 Days | +116.5% |
Summary: Homes in 70112 had an average of 179 days on market in Oct 2024, up by 116.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70112 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in 70112; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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