$2,506 Closing Credit*
$211,000
1,774 SqFt
3 Beds
•2 Full Baths
Nadia Esnault, Listing Office: LATTER & BLUM (LATT14)
Is 70128, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 70128 has remained a Buyer's 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
$181,250
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,750(-7.1%)
Key Takeaway
Homes in 70128 have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in 70128 was $181,250 in November 2024, down 7.1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $147K | +23.5% |
| 3 Bedrooms | $169.5K | $170K | 0.3% |
| 4 Bedrooms | $250K | $241.9K | -3.2% |
| 5+ Bedrooms | $204.5K | $218.9K | +7.1% |
Summary: 70128 housing prices by bedroom type for November 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 0.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 70128, LA
How many homes are available in 70128, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 68 | 0.0% |
Summary: The 70128 real estate market had 68 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 70128 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70128, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 70128 in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 67 Days | +30.1% |
Summary: Homes in 70128 had an average of 67 days on market in Nov 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70128 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 70128; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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