$6,519 Closing Credit*
$549,000
2,847 SqFt
3 Beds
•2 Full Baths, 1 Partial
Amanda McDaniel, Listing Office: Downtown Realty
Is 70437, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 70437 was a Neutral Market.
Key Takeaway
70437 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70437, LA
How much do homes in 70437, LA cost?
Median Sold Price
$291,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$44,000(-13.1%)
Key Takeaway
Homes in 70437 have sold for 13.1% less than they did a year ago.
Summary: The median home sold price in 70437 was $291,000 in November 2024, down 13.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $149.9K | -31.2% |
| 2 Bedrooms | $335K | $255K | -23.9% |
| 3 Bedrooms | $305K | $294K | -3.6% |
| 4 Bedrooms | $435K | $427.5K | -1.7% |
| 5+ Bedrooms | $835K | $598K | -28.4% |
Summary: 70437 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.2%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 28.4%.
Housing Supply in 70437, LA
How many homes are available in 70437, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 70437 real estate market had 17 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 70437 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 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 70437, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 70437 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 70437, LA
How long does it take to sell a home in 70437, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 69 Days | +95.3% |
Summary: Homes in 70437 had an average of 69 days on market in Nov 2024, up by 95.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70437 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 70437; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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