$2,613 Closing Credit*
$220,000
1,574 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jennifer Serrano, Listing Office: KELLER WILLIAMS REALTY 504-207-2007
Is 70122, 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, 70122 was a Seller's Market.
Key Takeaway
70122 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70122, LA
How much do homes in 70122, LA cost?
Median Sold Price
$290,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,723(+6.9%)
Key Takeaway
Homes in 70122 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 70122 was $290,000 in November 2024, up 6.9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | $195K | -18.4% |
| 2 Bedrooms | $170K | $176.5K | +3.8% |
| 3 Bedrooms | $284K | $281.2K | -1.0% |
| 4 Bedrooms | $336K | $339K | +0.9% |
| 5+ Bedrooms | $295K | $371.5K | +25.9% |
Summary: 70122 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 25.9%.
Housing Supply in 70122, LA
How many homes are available in 70122, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 244 | 266 | +9.0% |
Summary: The 70122 real estate market had 266 homes for sale in November 2024, a 9.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 35 | 35 | 0.0% |
| 3 Bedrooms | 106 | 112 | +5.7% |
| 4 Bedrooms | 65 | 74 | +13.8% |
| 5+ Bedrooms | 37 | 45 | +21.6% |
Summary: The 70122 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70122, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 70122 in November 2024, the same as the previous month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for 70122, LA
How long does it take to sell a home in 70122, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 147 Days | +75.1% |
Summary: Homes in 70122 had an average of 147 days on market in Nov 2024, up by 75.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70122 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 22 homes were sold in 70122; 14% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.
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