$3,918 Closing Credit*
$329,900
2,199 SqFt
4 Beds
•3 Full Baths
Thomas Anthony, Listing Office: Monument Real Estate, LLC
Is 70454, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 2023
+$8,195(+3.4%)
Key Takeaway
Homes in 70454 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 70454 was $249,978 in October 2024, up 3.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77K | N/A |
| 2 Bedrooms | $142K | $160K | +12.7% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $291.3K | $310.5K | +6.6% |
| 5+ Bedrooms | $400K | $350.2K | -12.4% |
Summary: 70454 housing prices by bedroom type for October 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 6.6%, and 5+ bedroom homes decreased by 12.4%.
Housing Supply in 70454, LA
How many homes are available in 70454, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 176 | +1.1% |
Summary: The 70454 real estate market had 176 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 78 | 87 | +11.5% |
| 4 Bedrooms | 71 | 65 | -8.5% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 70454 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70454, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 70454 in October 2024, up by 6.3% month-over-month. Of the 34 sold homes, 44% were sold under asking, 44% were sold at asking, and 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 66 Days | +84.3% |
Summary: Homes in 70454 had an average of 66 days on market in Oct 2024, up by 84.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70454 has remained consistent over time.
Summary: During October 2024, 34 homes were sold in 70454; 32% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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