$1,063 Closing Credit*
$89,500
606 SqFt
1 Bed
•1 Full Bath
Wayne Songy, Listing Office: Wayne Songy & Associates
Is 70458, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$236,350
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,205(-3.0%)
Key Takeaway
Homes in 70458 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 70458 was $236,350 in November 2024, down 3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | $109K | +31.3% |
| 2 Bedrooms | $150K | $170K | +13.3% |
| 3 Bedrooms | $224.5K | $230K | +2.4% |
| 4 Bedrooms | $282K | $275K | -2.5% |
| 5+ Bedrooms | $468.5K | $356.5K | -23.9% |
Summary: 70458 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 23.9%.
Housing Supply in 70458, LA
How many homes are available in 70458, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 289 | 307 | +6.2% |
Summary: The 70458 real estate market had 307 homes for sale in November 2024, a 6.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 25 | +47.1% |
| 3 Bedrooms | 143 | 149 | +4.2% |
| 4 Bedrooms | 110 | 115 | +4.5% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 70458 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 increased by 47.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70458, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 70458 in November 2024, up by 45.8% month-over-month. Of the 35 sold homes, 60% were sold under asking, 29% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 71 Days | +92.7% |
Summary: Homes in 70458 had an average of 71 days on market in Nov 2024, up by 92.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70458 has remained consistent over time.
Summary: During November 2024, 35 homes were sold in 70458; 31% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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