$2,078 Closing Credit*
$175,000
1,685 SqFt
4 Beds
•2 Full Baths
Sam DiVittorio, Listing Office: Realty Executives Florida Parishes
Is 70401, 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, 70401 was a Seller's Market.
Key Takeaway
70401 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 70401, LA
How much do homes in 70401, LA cost?
Median Sold Price
$222,750
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,250(+3.4%)
Key Takeaway
Homes in 70401 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 70401 was $222,750 in October 2024, up 3.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $186K | +126.8% |
| 2 Bedrooms | $127.5K | $97.5K | -23.5% |
| 3 Bedrooms | $195.4K | $218.2K | +11.7% |
| 4 Bedrooms | $280.4K | $281.2K | 0.3% |
| 5+ Bedrooms | $311K | $519K | +66.9% |
Summary: 70401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 126.8%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 66.9%.
Median Sold Price Compared To Nearby Zip Codes
| 70403 | $220K | $235K | +6.8% |
| 70466 | $203K | $214K | +5.4% |
| 70401 | $215.5K | $222.7K | +3.4% |
Housing Supply in 70401, LA
How many homes are available in 70401, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 97 | +9.0% |
Summary: The 70401 real estate market had 97 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 48 | 49 | +2.1% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 70401 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 20%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70401, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 70401 in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for 70401, LA
How long does it take to sell a home in 70401, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 52 Days | +75.6% |
Summary: Homes in 70401 had an average of 52 days on market in Oct 2024, up by 75.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70401 has remained consistent over time.
Summary: During October 2024, 16 homes were sold in 70401; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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