$2,849 Closing Credit*
$239,900
1,500 SqFt
3 Beds
•2 Full Baths
Jared English, Listing Office: Congress Realty, Inc.
Is 70433, 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, 70433 was a Seller's Market.
Key Takeaway
70433 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 70433, LA
How much do homes in 70433, LA cost?
Median Sold Price
$339,168
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,742(+11.4%)
Key Takeaway
Homes in 70433 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 70433 was $339,168 in October 2024, up 11.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130.6K | $115K | -11.9% |
| 2 Bedrooms | $191K | $181.4K | -5.0% |
| 3 Bedrooms | $265K | $275.7K | +4.0% |
| 4 Bedrooms | $430K | $489K | +13.7% |
| 5+ Bedrooms | $600K | $805K | +34.2% |
Summary: 70433 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 34.2%.
Housing Supply in 70433, LA
How many homes are available in 70433, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 245 | 261 | +6.5% |
Summary: The 70433 real estate market had 261 homes for sale in October 2024, a 6.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 13 | -13.3% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 106 | 109 | +2.8% |
| 4 Bedrooms | 85 | 95 | +11.8% |
| 5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The 70433 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70433, you may be able to get a good deal. 77.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in 70433 in October 2024, up by 2.6% month-over-month. Of the 40 sold homes, 78% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for 70433, LA
How long does it take to sell a home in 70433, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 75 Days | +107.9% |
Summary: Homes in 70433 had an average of 75 days on market in Oct 2024, up by 107.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70433 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 70433; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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