$3,551 Closing Credit*
$299,000
1,718 SqFt
3 Beds
•2 Full Baths
Brittani Coco, Listing Office: Keller Williams Realty Services
Is 70454, 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, 70454 has remained a Seller's Market.
Key Takeaway
70454 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70454, LA
How much do homes in 70454, LA cost?
Median Sold Price
$249,978
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,412(+3.9%)
Key Takeaway
Homes in 70454 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 70454 was $249,978 in November 2024, up 3.9% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77K | N/A |
| 2 Bedrooms | $142K | $160K | +12.7% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $290K | $312K | +7.6% |
| 5+ Bedrooms | $406K | $347.3K | -14.4% |
Summary: 70454 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in 70454, LA
How many homes are available in 70454, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 173 | 161 | -6.9% |
Summary: The 70454 real estate market had 161 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 88 | 81 | -8.0% |
| 4 Bedrooms | 63 | 57 | -9.5% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 70454 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 27 | -27.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70454, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in 70454 in November 2024, down by 27.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 41% were sold at asking, and 26% were sold over asking.
Days on Market for 70454, LA
How long does it take to sell a home in 70454, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -13.6% |
Summary: Homes in 70454 had an average of 37 days on market in Nov 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70454 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 70454; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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