$300,000
10.67 Acres
Land
David Holloway, Listing Office: Smith & Core, Inc.
Is 70437, 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, 70437 was a Neutral Market.
Key Takeaway
70437 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70437, LA
How much do homes in 70437, LA cost?
Median Sold Price
$288,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$53,250(-15.6%)
Key Takeaway
Homes in 70437 have sold for 15.6% less than they did a year ago.
Summary: The median home sold price in 70437 was $288,000 in October 2024, down 15.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $218K | $149.9K | -31.2% |
| 2 Bedrooms | $335K | $255K | -23.9% |
| 3 Bedrooms | $305K | $291K | -4.6% |
| 4 Bedrooms | $447.5K | $380K | -15.1% |
| 5+ Bedrooms | $835K | $598K | -28.4% |
Summary: 70437 housing prices by bedroom type for October 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 4.6%, 4 bedroom homes decreased by 15.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The 70437 real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 70437 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 70437 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 112 Days | +177.7% |
Summary: Homes in 70437 had an average of 112 days on market in Oct 2024, up by 177.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 70437 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 70437; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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