$2,212 Closing Credit*
$186,240
1,380 SqFt
3 Beds
•2 Full Baths
Jaime Leger, Listing Office: Reag LC
Is 70458, 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, 70458 was a Seller's Market.
Key Takeaway
70458 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70458, LA
How much do homes in 70458, LA cost?
Median Sold Price
$234,483
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,516(-4.3%)
Key Takeaway
Homes in 70458 have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in 70458 was $234,483 in October 2024, down 4.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $109K | +31.3% |
| 2 Bedrooms | $147K | $166K | +12.9% |
| 3 Bedrooms | $224.5K | $225K | 0.2% |
| 4 Bedrooms | $284.9K | $272.5K | -4.4% |
| 5+ Bedrooms | $415K | $371.5K | -10.5% |
Summary: 70458 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 70458, LA
How many homes are available in 70458, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 282 | 314 | +11.3% |
Summary: The 70458 real estate market had 314 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 133 | 153 | +15.0% |
| 4 Bedrooms | 106 | 116 | +9.4% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The 70458 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70458, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 70458 in October 2024, down by 32.4% month-over-month. Of the 23 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for 70458, LA
How long does it take to sell a home in 70458, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 81 Days | +37.7% |
Summary: Homes in 70458 had an average of 81 days on market in Oct 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70458 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 23 homes were sold in 70458; 26% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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