Is 70115, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70115 is a buyer's market

Buyer's
Market

Difference Since October 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

$583,333

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,333(+1.4%)

Key Takeaway

Homes in 70115 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 70115 was $583,333 in October 2024, up 1.4% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $244.5K$216K
-11.7%
2 $420K$432.5K
+3.0%
3 $637.9K$568.6K
-10.9%
4 $665K$855K
+28.6%
5+ $820K$768K
-6.3%

Summary: 70115 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

70113
+22.2%
70125
+2.3%
70130
+2.0%
70118
+1.7%
70115
+1.4%

Housing Supply in 70115, LA

How many homes are available in 70115, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
215249+15.8%

Summary: The 70115 real estate market had 249 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 3644
+22.2%
3 5966
+11.9%
4 5175
+47.1%
5+ 6156
-8.2%

Summary: The 70115 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 11.9%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 8.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2723-14.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70115, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 70115 in October 2024, down by 14.8% month-over-month. Of the 23 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% 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

Oct 2023Oct 2024CHANGE
40 Days82 Days+103.8%

Summary: Homes in 70115 had an average of 82 days on market in Oct 2024, up by 103.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 70115 has remained consistent over time.

Summary: During October 2024, 23 homes were sold in 70115; 35% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 26% 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 13 Days Ago

Newest Listings in 70115, LA

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