$3,539 Closing Credit*
$298,000
2,713 SqFt
5 Beds
•3 Full Baths, 1 Partial
Heather Seal, Listing Office: Downtown Realty
Is 70438, 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, 70438 was a Seller's Market.
Key Takeaway
70438 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70438, LA
How much do homes in 70438, LA cost?
Median Sold Price
$200,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+5.3%)
Key Takeaway
Homes in 70438 have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in 70438 was $200,000 in October 2024, up 5.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $155K | +15.7% |
| 2 Bedrooms | $151.2K | $137.4K | -9.1% |
| 3 Bedrooms | $185.5K | $200K | +7.8% |
| 4 Bedrooms | $290K | $226.6K | -21.9% |
| 5+ Bedrooms | $205K | $375K | +82.9% |
Summary: 70438 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 82.9%.
Housing Supply in 70438, LA
How many homes are available in 70438, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The 70438 real estate market had 53 homes for sale in October 2024, a 3.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 70438 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70438, 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 70438 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 70438, LA
How long does it take to sell a home in 70438, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 98 Days | +1261.1% |
Summary: Homes in 70438 had an average of 98 days on market in Oct 2024, up by 1261.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70438 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 70438; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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