$3,384 Closing Credit*
$285,000
1,050 SqFt
2 Beds
•2 Full Baths
Jeanne Howe, Listing Office: Keller Williams Realty New Orleans
Is 70125, 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, 70125 was a Seller's Market.
Key Takeaway
70125 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70125, LA
How much do homes in 70125, LA cost?
Median Sold Price
$405,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,250(+2.3%)
Key Takeaway
Homes in 70125 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 70125 was $405,000 in October 2024, up 2.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $275K | $346.7K | +26.1% |
| 3 Bedrooms | $399K | $410K | +2.8% |
| 4 Bedrooms | $399.2K | $420K | +5.2% |
| 5+ Bedrooms | $500K | $460K | -8.0% |
Summary: 70125 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 70125, LA
How many homes are available in 70125, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 125 | +19.0% |
Summary: The 70125 real estate market had 125 homes for sale in October 2024, a 19.0% 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 | 13 | 17 | +30.8% |
| 3 Bedrooms | 32 | 40 | +25.0% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The 70125 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 increased by 30.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70125, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 70125 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70125, LA
How long does it take to sell a home in 70125, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 80 Days | +23.0% |
Summary: Homes in 70125 had an average of 80 days on market in Oct 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70125 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in 70125; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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