$1,544 Closing Credit*
$130,000
1,000 SqFt
3 Beds
•1 Full Bath
Brandon Breaux, Listing Office: Brandon E. Breaux Real Estate
Is 70121, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 70121 was a Seller's Market.
Key Takeaway
70121 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70121, LA
How much do homes in 70121, LA cost?
Median Sold Price
$269,850
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$900(-0.3%)
Key Takeaway
The sold price of homes in 70121 has remained the same since last year.
Summary: The median home sold price in 70121 was $269,850 in October 2024, down 0.3% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.7K | $230K | +5.6% |
| 2 Bedrooms | $246K | $220.8K | -10.2% |
| 3 Bedrooms | $289K | $300K | +3.8% |
| 4 Bedrooms | $325K | $318K | -2.2% |
| 5+ Bedrooms | $260K | $307.2K | +18.2% |
Summary: 70121 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in 70121, LA
How many homes are available in 70121, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 64 | +20.8% |
Summary: The 70121 real estate market had 64 homes for sale in October 2024, a 20.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 70121 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70121, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 70121 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70121, LA
How long does it take to sell a home in 70121, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 43 Days | -4.9% |
Summary: Homes in 70121 had an average of 43 days on market in Oct 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70121 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 70121; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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