Is 70461, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70461 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 70461 was a Seller's Market.

Key Takeaway

70461 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 70461, LA

How much do homes in 70461, LA cost?

Median Sold Price

$280,833

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$4,333(+1.6%)

Key Takeaway

Homes in 70461 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 70461 was $280,833 in December 2024, up 1.6% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $24.9K$108K
+333.7%
2 $158K$164.9K
+4.4%
3 $225K$226.5K
+0.7%
4 $314.9K$305K
-3.2%
5+ $424.5K$446K
+5.1%

Summary: 70461 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 333.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

70461
+1.6%
70458
-2.7%
70452
-5.6%

Housing Supply in 70461, LA

How many homes are available in 70461, LA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
220227+3.2%

Summary: The 70461 real estate market had 227 homes for sale in December 2024, a 3.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 5655
-1.8%
4 127134
+5.5%
5+ 2727
0.0%

Summary: The 70461 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2624-7.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70461, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in 70461 in December 2024, down by 7.7% month-over-month. Of the 24 sold homes, 42% were sold under asking, 54% were sold at asking, and 4% were sold over asking.

Days on Market for 70461, LA

How long does it take to sell a home in 70461, LA?

Average Sale Time

Dec 2023Dec 2024CHANGE
41 Days50 Days+22.1%

Summary: Homes in 70461 had an average of 50 days on market in Dec 2024, up by 22.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 70461 has remained consistent over time.

Summary: During December 2024, 24 homes were sold in 70461; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% 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 6 Days Ago

Newest Listings in 70461, LA

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