Is 70452, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70452 is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, 70452 has remained a Neutral Market.

Key Takeaway

70452 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 70452, LA

How much do homes in 70452, LA cost?

Median Sold Price

$225,000

$164/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$3,500(+1.6%)

Key Takeaway

Homes in 70452 have sold for 1.6% more than they did a month ago.

Summary: The median home sold price in 70452 was $225,000 in October 2024, up 1.6% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $165K-
N/A
3 $239K$225K
-5.9%
4 $202.4K$457.6K
+126.1%
5+ -$197K
N/A

Summary: 70452 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 126.1%, and 5+ bedroom homes did not change.

Housing Supply in 70452, LA

How many homes are available in 70452, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3945+15.4%

Summary: The 70452 real estate market had 45 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 22
0.0%
3 2424
0.0%
4 1015
+50.0%
5+ 11
0.0%

Summary: The 70452 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70452, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 70452 in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 70452, LA

How long does it take to sell a home in 70452, LA?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days59 Days+40.8%

Summary: Homes in 70452 had an average of 59 days on market in Oct 2024, up by 40.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 70452 has remained consistent over time.

Summary: During October 2024, 7 homes were sold in 70452; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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