Is 70113, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70113 is a buyer's market

Buyer's
Market

Difference Since October 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

$385,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+22.2%)

Key Takeaway

Homes in 70113 have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in 70113 was $385,000 in October 2024, up 22.2% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $355.7K$315K
-11.5%
2 $397.5K$615.5K
+54.8%
3 $308K$254.2K
-17.5%
4 $165K$325K
+97.0%
5+ $475K$410K
-13.7%

Summary: 70113 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 54.8%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes increased by 97%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Zip Codes

70113
+22.2%
70130
+2.0%
70112
-10.6%

Housing Supply in 70113, LA

How many homes are available in 70113, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5962+5.1%

Summary: The 70113 real estate market had 62 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 99
0.0%
2 911
+22.2%
3 2324
+4.3%
4 77
0.0%
5+ 1111
0.0%

Summary: The 70113 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 22.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70113, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 70113 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
196 Days109 Days-44.1%

Summary: Homes in 70113 had an average of 109 days on market in Oct 2024, down by 44.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 70113 has remained consistent over time.

Summary: During October 2024, 2 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.

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

Report Updated 21 Days Ago

Newest Listings in 70113, LA

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