$2,197 Closing Credit*
$185,000
1,000 SqFt
2 Beds
•2 Full Baths
Sabrina Pierre, Listing Office: LATTER & BLUM (LATT27)
Is 70431, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 70431 was a Seller's Market.
Key Takeaway
70431 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70431, LA
How much do homes in 70431, LA cost?
Median Sold Price
$147,500
$78/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$182,500(-55.3%)
Key Takeaway
Homes in 70431 have sold for 55.3% less than they did a month ago.
Summary: The median home sold price in 70431 was $147,500 in November 2024, down 55.3% from last month, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | - | N/A |
| 3 Bedrooms | $136K | $235K | +72.8% |
| 4 Bedrooms | $504.5K | $60K | -88.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 70431 housing prices by bedroom type for November 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 72.8%, 4 bedroom homes decreased by 88.1%, and 5+ bedroom homes did not change.
Housing Supply in 70431, LA
How many homes are available in 70431, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The 70431 real estate market had 22 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 70431 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70431, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 70431 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 41 Days | -23.5% |
Summary: Homes in 70431 had an average of 41 days on market in Nov 2024, down by 23.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70431 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 70431; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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