$2,244 Closing Credit*
$189,000
1,681 SqFt
4 Beds
•2 Full Baths
Michael Bowler, Listing Office: Mikey Bowler Realty
Is 70129, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 70129 has remained a Buyer's Market.
Key Takeaway
70129 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70129, LA
How much do homes in 70129, LA cost?
Median Sold Price
$235,000
$102/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$102,500(+77.4%)
Key Takeaway
Homes in 70129 have sold for 77.4% more than they did a month ago.
Summary: The median home sold price in 70129 was $235,000 in September 2024, up 77.4% from last month, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $205K | - | N/A |
| 3 Bedrooms | $60K | $395K | +558.3% |
| 4 Bedrooms | - | $242.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 70129 housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 558.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 70129, LA
How many homes are available in 70129, LA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 44 | 54 | +22.7% |
Summary: The 70129 real estate market had 54 homes for sale in September 2024, a 22.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 70129 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
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 70129, 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 70129 in September 2024, up by 150.0% 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 70129, LA
How long does it take to sell a home in 70129, LA?
Average Sale Time
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 100 Days | +244.8% |
Summary: Homes in 70129 had an average of 100 days on market in Sep 2024, up by 244.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70129 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 5 homes were sold in 70129; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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