$1,900 Closing Credit*
$160,000
844 SqFt
3 Beds
•1 Full Bath
Shelley Ross, Listing Office: Ross Realty, LLC
Is 70123, 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, 70123 was a Seller's Market.
Key Takeaway
70123 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70123, LA
How much do homes in 70123, LA cost?
Median Sold Price
$343,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,309(+9.0%)
Key Takeaway
Homes in 70123 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 70123 was $343,500 in November 2024, up 9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $96.7K | -25.6% |
| 2 Bedrooms | $205K | $230K | +12.2% |
| 3 Bedrooms | $315K | $307K | -2.5% |
| 4 Bedrooms | $381K | $450K | +18.1% |
| 5+ Bedrooms | $487.5K | $607K | +24.5% |
Summary: 70123 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.6%, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 24.5%.
Housing Supply in 70123, LA
How many homes are available in 70123, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 135 | 150 | +11.1% |
Summary: The 70123 real estate market had 150 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 55 | 56 | +1.8% |
| 4 Bedrooms | 38 | 42 | +10.5% |
| 5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The 70123 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 23.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70123, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 70123 in November 2024, up by 45.5% month-over-month. Of the 16 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for 70123, LA
How long does it take to sell a home in 70123, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 68 Days | +17.6% |
Summary: Homes in 70123 had an average of 68 days on market in Nov 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70123 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 70123; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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