$4,749 Closing Credit*
$399,900
1,426 SqFt
3 Beds
•2 Full Baths
Michael Verderosa, Listing Office: LATTER & BLUM (LATT09)
Is 70114, 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, 70114 has remained a Buyer's Market.
Key Takeaway
70114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70114, LA
How much do homes in 70114, LA cost?
Median Sold Price
$218,500
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$23,000(-9.5%)
Key Takeaway
Homes in 70114 have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in 70114 was $218,500 in November 2024, down 9.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153.7K | $42K | -72.7% |
| 2 Bedrooms | $140.5K | $149.5K | +6.4% |
| 3 Bedrooms | $211.5K | $216K | +2.1% |
| 4 Bedrooms | $322.5K | $220K | -31.8% |
| 5+ Bedrooms | $420K | $315.9K | -24.8% |
Summary: 70114 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes decreased by 24.8%.
Housing Supply in 70114, LA
How many homes are available in 70114, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 127 | +8.5% |
Summary: The 70114 real estate market had 127 homes for sale in November 2024, a 8.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 36 | 38 | +5.6% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 70114 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70114, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 70114 in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 70114, LA
How long does it take to sell a home in 70114, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 37 Days | -33.9% |
Summary: Homes in 70114 had an average of 37 days on market in Nov 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70114 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 70114; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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