$5,213 Closing Credit*
$439,000
1,800 SqFt
4 Beds
•2 Full Baths
Suzanne McDaniel, Listing Office: Crescent Sotheby's International
Is 70124, 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, 70124 was a Seller's Market.
Key Takeaway
70124 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70124, LA
How much do homes in 70124, LA cost?
Median Sold Price
$515,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,433(-2.4%)
Key Takeaway
Homes in 70124 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 70124 was $515,000 in October 2024, down 2.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $154K | -0.6% |
| 2 Bedrooms | $400.5K | $344.9K | -13.9% |
| 3 Bedrooms | $475K | $471K | -0.8% |
| 4 Bedrooms | $657.5K | $636.2K | -3.2% |
| 5+ Bedrooms | $735K | $698K | -5.0% |
Summary: 70124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 70124, LA
How many homes are available in 70124, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 256 | 273 | +6.6% |
Summary: The 70124 real estate market had 273 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 96 | 96 | 0.0% |
| 4 Bedrooms | 65 | 75 | +15.4% |
| 5+ Bedrooms | 58 | 60 | +3.4% |
Summary: The 70124 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70124, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 70124 in October 2024, down by 4.8% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 70124, LA
How long does it take to sell a home in 70124, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 53 Days | -15.2% |
Summary: Homes in 70124 had an average of 53 days on market in Oct 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70124 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 70124; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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