$2,363 Closing Credit*
$199,000
1,824 SqFt
4 Beds
•2 Full Baths
George Koppel, Listing Office: Valmont Realtors
Is 70113, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 70113 has remained a Buyer's Market.
Key Takeaway
70113 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70113, LA
How much do homes in 70113, LA cost?
Median Sold Price
$339,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+2.7%)
Key Takeaway
Homes in 70113 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 70113 was $339,000 in November 2024, up 2.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $275K | -31.3% |
| 2 Bedrooms | $397.5K | $615.5K | +54.8% |
| 3 Bedrooms | $309K | $199K | -35.6% |
| 4 Bedrooms | $165K | $323.5K | +96.1% |
| 5+ Bedrooms | $475K | $385K | -18.9% |
Summary: 70113 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 54.8%, 3 bedroom homes decreased by 35.6%, 4 bedroom homes increased by 96.1%, and 5+ bedroom homes decreased by 18.9%.
Housing Supply in 70113, LA
How many homes are available in 70113, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The 70113 real estate market had 56 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 70113 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70113, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 70113 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 70113, LA
How long does it take to sell a home in 70113, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 109 Days | +66.3% |
Summary: Homes in 70113 had an average of 109 days on market in Nov 2024, up by 66.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70113 has remained consistent over time.
Summary: During November 2024, 4 homes were sold in 70113; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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