$3,266 Closing Credit*
$275,000
1,694 SqFt
3 Beds
•2 Full Baths
Bryan Cryer, Listing Office: LPT Realty, LLC.
Is 70403, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 70403 was a Seller's Market.
Key Takeaway
70403 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70403, LA
How much do homes in 70403, LA cost?
Median Sold Price
$232,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,250(+3.2%)
Key Takeaway
Homes in 70403 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 70403 was $232,000 in November 2024, up 3.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $175K | +6.1% |
| 3 Bedrooms | $215K | $227.2K | +5.7% |
| 4 Bedrooms | $285K | $296K | +3.9% |
| 5+ Bedrooms | $415K | $310K | -25.3% |
Summary: 70403 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 6.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 25.3%.
Housing Supply in 70403, LA
How many homes are available in 70403, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 126 | +0.8% |
Summary: The 70403 real estate market had 126 homes for sale in November 2024, a 0.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 68 | 68 | 0.0% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The 70403 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70403, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 70403 in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.
Days on Market for 70403, LA
How long does it take to sell a home in 70403, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 101 Days | +93.2% |
Summary: Homes in 70403 had an average of 101 days on market in Nov 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70403 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 17 homes were sold in 70403; 29% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 59% of homes were sold over 90 days.
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