$2,316 Closing Credit*
$195,000
1,350 SqFt
2 Beds
•2 Full Baths
Alison Andrews, Listing Office: eXp Realty, LLC
Is 70121, 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, 70121 was a Neutral 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
$275,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,750(+1.0%)
Key Takeaway
Homes in 70121 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 70121 was $275,000 in November 2024, up 1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.7K | $230K | +5.6% |
| 2 Bedrooms | $246K | $220K | -10.6% |
| 3 Bedrooms | $289.5K | $300K | +3.6% |
| 4 Bedrooms | $325K | $311.5K | -4.2% |
| 5+ Bedrooms | $245K | $359K | +46.5% |
Summary: 70121 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 46.5%.
Housing Supply in 70121, LA
How many homes are available in 70121, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 72 | +14.3% |
Summary: The 70121 real estate market had 72 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 70121 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70121, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 70121 in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 48 Days | +48.2% |
Summary: Homes in 70121 had an average of 48 days on market in Nov 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70121 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 70121; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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