$5,106 Closing Credit*
$430,000
2,021 SqFt
3 Beds
•2 Full Baths
Christina Ingrassia, Listing Office: LATTER & BLUM (LATT09)
Is 70448, 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, 70448 was a Seller's Market.
Key Takeaway
70448 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70448, LA
How much do homes in 70448, LA cost?
Median Sold Price
$334,862
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,962(+3.1%)
Key Takeaway
Homes in 70448 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 70448 was $334,862 in October 2024, up 3.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.2K | $300K | 0.3% |
| 2 Bedrooms | $200K | $196.5K | -1.8% |
| 3 Bedrooms | $262.5K | $268.5K | +2.3% |
| 4 Bedrooms | $420K | $392.5K | -6.5% |
| 5+ Bedrooms | $527.9K | $645K | +22.2% |
Summary: 70448 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 70448, LA
How many homes are available in 70448, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 185 | +6.3% |
Summary: The 70448 real estate market had 185 homes for sale in October 2024, a 6.3% 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 | 17 | 18 | +5.9% |
| 3 Bedrooms | 77 | 81 | +5.2% |
| 4 Bedrooms | 62 | 68 | +9.7% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 70448 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 5.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70448, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 70448 in October 2024, down by 26.7% month-over-month. Of the 22 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for 70448, LA
How long does it take to sell a home in 70448, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 45 Days | -23.5% |
Summary: Homes in 70448 had an average of 45 days on market in Oct 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70448 has remained consistent over time.
Summary: During October 2024, 22 homes were sold in 70448; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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