$5,605 Closing Credit*
$472,000
1,416 SqFt
3 Beds
•2 Full Baths
Cathalene Almeida, Listing Office: eXp Realty, LLC
Is 70119, 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, 70119 was a Seller's Market.
Key Takeaway
70119 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70119, LA
How much do homes in 70119, LA cost?
Median Sold Price
$339,950
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,716(-7.8%)
Key Takeaway
Homes in 70119 have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in 70119 was $339,950 in November 2024, down 7.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $238K | -9.3% |
| 2 Bedrooms | $310K | $275K | -11.3% |
| 3 Bedrooms | $389K | $388.5K | -0.1% |
| 4 Bedrooms | $372K | $359.5K | -3.4% |
| 5+ Bedrooms | $457.5K | $425K | -7.1% |
Summary: 70119 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 70119, LA
How many homes are available in 70119, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 216 | 229 | +6.0% |
Summary: The 70119 real estate market had 229 homes for sale in November 2024, a 6.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 63 | 61 | -3.2% |
| 4 Bedrooms | 50 | 58 | +16.0% |
| 5+ Bedrooms | 61 | 65 | +6.6% |
Summary: The 70119 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 6.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70119, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 70119 in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.
Days on Market for 70119, LA
How long does it take to sell a home in 70119, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 76 Days | +16.0% |
Summary: Homes in 70119 had an average of 76 days on market in Nov 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70119 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 14 homes were sold in 70119; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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