$3,563 Closing Credit*
$300,000
842 SqFt
2 Beds
•1 Full Bath
Al Sidhom, Listing Office: KELLER WILLIAMS REALTY 455-0100
Is 70115, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 70115 was a Seller's Market.
Key Takeaway
70115 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70115, LA
How much do homes in 70115, LA cost?
Median Sold Price
$594,687
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,812(+3.1%)
Key Takeaway
Homes in 70115 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 70115 was $594,687 in November 2024, up 3.1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238.7K | $227K | -4.9% |
| 2 Bedrooms | $402.5K | $465.5K | +15.7% |
| 3 Bedrooms | $637.9K | $575K | -9.9% |
| 4 Bedrooms | $778.5K | $867.2K | +11.4% |
| 5+ Bedrooms | $820K | $784K | -4.4% |
Summary: 70115 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 70115, LA
How many homes are available in 70115, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 235 | 250 | +6.4% |
Summary: The 70115 real estate market had 250 homes for sale in November 2024, a 6.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 44 | 44 | 0.0% |
| 3 Bedrooms | 56 | 62 | +10.7% |
| 4 Bedrooms | 68 | 72 | +5.9% |
| 5+ Bedrooms | 58 | 60 | +3.4% |
Summary: The 70115 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 remained the same, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70115, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 70115 in November 2024, up by 30.4% month-over-month. Of the 30 sold homes, 57% were sold under asking, 27% were sold at asking, and 17% were sold over asking.
Days on Market for 70115, LA
How long does it take to sell a home in 70115, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 37 Days | -52.8% |
Summary: Homes in 70115 had an average of 37 days on market in Nov 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70115 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 70115; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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