$1,349 Closing Credit*
$113,600
1,184 SqFt
3 Beds
•2 Full Baths
Chip Julien, Listing Office: Donald Julien & Associates, Inc.
Is 70420, 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, 70420 was a Seller's Market.
Key Takeaway
70420 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70420, LA
How much do homes in 70420, LA cost?
Median Sold Price
$317,950
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,950(+7.8%)
Key Takeaway
Homes in 70420 have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in 70420 was $317,950 in October 2024, up 7.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77K | $165K | +114.3% |
| 2 Bedrooms | $198K | $194K | -2.0% |
| 3 Bedrooms | $292K | $300K | +2.7% |
| 4 Bedrooms | $464K | $393K | -15.3% |
| 5+ Bedrooms | - | $460K | N/A |
Summary: 70420 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes did not change.
Housing Supply in 70420, LA
How many homes are available in 70420, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The 70420 real estate market had 42 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 70420 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70420, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 70420 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 70420, LA
How long does it take to sell a home in 70420, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 45 Days | +145.5% |
Summary: Homes in 70420 had an average of 45 days on market in Oct 2024, up by 145.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70420 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 70420; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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