$5,641 Closing Credit*
$475,000
2,641 SqFt
5 Beds
•3 Full Baths
Kara Breithaupt, Listing Office: Snap Realty
Is 70114, 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, 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
$219,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,500(-8.5%)
Key Takeaway
Homes in 70114 have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in 70114 was $219,500 in October 2024, down 8.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.2K | $65K | -56.7% |
| 2 Bedrooms | $158K | $140K | -11.4% |
| 3 Bedrooms | $211.5K | $215K | +1.7% |
| 4 Bedrooms | $305K | $220K | -27.9% |
| 5+ Bedrooms | $407.5K | $326.5K | -19.9% |
Summary: 70114 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.7%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes decreased by 19.9%.
Housing Supply in 70114, LA
How many homes are available in 70114, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 129 | +2.4% |
Summary: The 70114 real estate market had 129 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 46 | 46 | 0.0% |
| 4 Bedrooms | 37 | 40 | +8.1% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The 70114 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 decreased by 29.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70114, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 70114 in October 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 59 Days | +48.8% |
Summary: Homes in 70114 had an average of 59 days on market in Oct 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 9 homes were sold in 70114; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.