$5,344 Closing Credit*
$450,000
2,626 SqFt
4 Beds
•3 Full Baths
Suzette Hubbell, Listing Office: LATTER & BLUM (LATT27)
Is 70435, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 70435 has remained a Seller's Market.
Key Takeaway
70435 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70435, LA
How much do homes in 70435, LA cost?
Median Sold Price
$296,850
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,850(+2.4%)
Key Takeaway
Homes in 70435 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 70435 was $296,850 in November 2024, up 2.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $289.9K | +16.0% |
| 3 Bedrooms | $268K | $265K | -1.1% |
| 4 Bedrooms | $389K | $350.3K | -9.9% |
| 5+ Bedrooms | $379.9K | $439K | +15.6% |
Summary: 70435 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 16%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 15.6%.
Housing Supply in 70435, LA
How many homes are available in 70435, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 135 | -1.5% |
Summary: The 70435 real estate market had 135 homes for sale in November 2024, a 1.5% 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 | 3 | +50.0% |
| 3 Bedrooms | 70 | 70 | 0.0% |
| 4 Bedrooms | 51 | 45 | -11.8% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 70435 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70435, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 70435 in November 2024, up by 4.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 58% were sold at asking, and 4% were sold over asking.
Days on Market for 70435, LA
How long does it take to sell a home in 70435, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 41 Days | +26.9% |
Summary: Homes in 70435 had an average of 41 days on market in Nov 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70435 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 70435; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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