$3,503 Closing Credit*
$295,000
1,700 SqFt
3 Beds
•2 Full Baths
Deana Scognamillo, Listing Office: LATTER & BLUM (LATT30)
Is 70123, 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, 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
$339,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,900(+7.9%)
Key Takeaway
Homes in 70123 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 70123 was $339,900 in October 2024, up 7.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.5K | $110K | -17.6% |
| 2 Bedrooms | $202K | $210K | +4.0% |
| 3 Bedrooms | $310K | $315K | +1.6% |
| 4 Bedrooms | $378K | $435K | +15.1% |
| 5+ Bedrooms | $500K | $628.5K | +25.7% |
Summary: 70123 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 25.7%.
Housing Supply in 70123, LA
How many homes are available in 70123, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 140 | +2.2% |
Summary: The 70123 real estate market had 140 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 60 | 58 | -3.3% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The 70123 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 decreased by 13.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 11 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70123, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 70123 in October 2024, down by 50.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -37.3% |
Summary: Homes in 70123 had an average of 33 days on market in Oct 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70123 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 70123; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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