$49,900
2.56 Acres
Land
Bethany Seal, Listing Office: Goings Group Real Estate Services, Inc.
Is 70438, 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, 70438 has remained a Seller's Market.
Key Takeaway
70438 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70438, LA
How much do homes in 70438, LA cost?
Median Sold Price
$202,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,500(+7.1%)
Key Takeaway
Homes in 70438 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 70438 was $202,500 in November 2024, up 7.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $155K | +15.7% |
| 2 Bedrooms | $151.2K | $139.9K | -7.5% |
| 3 Bedrooms | $181K | $200K | +10.5% |
| 4 Bedrooms | $274.5K | $260K | -5.3% |
| 5+ Bedrooms | $205K | $375K | +82.9% |
Summary: 70438 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 5.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The 70438 real estate market had 47 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 70438 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70438, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 70438 in November 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 82 Days | +22.5% |
Summary: Homes in 70438 had an average of 82 days on market in Nov 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70438 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 70438; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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