$2,791 Closing Credit*
$235,000
1,620 SqFt
3 Beds
•2 Full Baths
Kathy Tolliver, Listing Office: Paul Gilmore & Associates, Inc.
Is 70128, 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, 70128 was a Neutral Market.
Key Takeaway
70128 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70128, LA
How much do homes in 70128, LA cost?
Median Sold Price
$193,250
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,750(-0.9%)
Key Takeaway
Homes in 70128 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 70128 was $193,250 in October 2024, down 0.9% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $147K | +23.5% |
| 3 Bedrooms | $170K | $175K | +2.9% |
| 4 Bedrooms | $242.5K | $240.9K | -0.6% |
| 5+ Bedrooms | $210K | $218.9K | +4.3% |
Summary: 70128 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 23.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 70128, LA
How many homes are available in 70128, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 69 | +1.5% |
Summary: The 70128 real estate market had 69 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 70128 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70128, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 70128 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 70128, LA
How long does it take to sell a home in 70128, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 100 Days | 53 Days | -46.5% |
Summary: Homes in 70128 had an average of 53 days on market in Oct 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70128 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 70128; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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