$8,847 Closing Credit*
$745,000
3,483 SqFt
2 Beds
•3 Full Baths
Mark Chifici, Listing Office: United Real Estate Partners
Is 70431, 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, 70431 was a Neutral Market.
Key Takeaway
70431 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70431, LA
How much do homes in 70431, LA cost?
Median Sold Price
$324,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,500(-13.5%)
Key Takeaway
Homes in 70431 have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in 70431 was $324,500 in October 2024, down 13.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $265K | +60.6% |
| 3 Bedrooms | $312.5K | $232.5K | -25.6% |
| 4 Bedrooms | $405K | $500K | +23.5% |
| 5+ Bedrooms | $522.5K | $560K | +7.2% |
Summary: 70431 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.6%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 70431, LA
How many homes are available in 70431, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The 70431 real estate market had 29 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 70431 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70431, 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 70431 in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 70431, LA
How long does it take to sell a home in 70431, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 53 Days | +23.2% |
Summary: Homes in 70431 had an average of 53 days on market in Oct 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70431 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 70431; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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