$135,000
5.07 Acres
Land
Sam DiVittorio, Listing Office: Realty Executives Florida Parishes
Is 70462, 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, 70462 has remained a Buyer's Market.
Key Takeaway
70462 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70462, LA
How much do homes in 70462, LA cost?
Median Sold Price
$257,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$67,500(-20.8%)
Key Takeaway
Homes in 70462 have sold for 20.8% less than they did a year ago.
Summary: The median home sold price in 70462 was $257,500 in October 2024, down 20.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.7K | $100K | +19.4% |
| 2 Bedrooms | $149.9K | $257.5K | +71.8% |
| 3 Bedrooms | $325K | $255K | -21.5% |
| 4 Bedrooms | $405.9K | $342K | -15.8% |
| 5+ Bedrooms | $487.9K | $316.9K | -35.0% |
Summary: 70462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 71.8%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 35%.
Housing Supply in 70462, LA
How many homes are available in 70462, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The 70462 real estate market had 38 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 70462 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70462, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 70462 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 70462, LA
How long does it take to sell a home in 70462, LA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70462 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 70462; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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