$1,959 Closing Credit*
$165,000
845 SqFt
2 Beds
•1 Full Bath
Teresa W Rainey, Listing Office: Real Broker, LLC
Is 70501, 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, 70501 was a Seller's Market.
Key Takeaway
70501 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 70501, LA
How much do homes in 70501, LA cost?
Median Sold Price
$166,750
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,250(+3.3%)
Key Takeaway
Homes in 70501 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 70501 was $166,750 in November 2024, up 3.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35.2K | $84.8K | +140.8% |
| 2 Bedrooms | $89K | $131K | +47.2% |
| 3 Bedrooms | $157K | $159.2K | +1.4% |
| 4 Bedrooms | $258.5K | $241.5K | -6.6% |
| 5+ Bedrooms | $269.7K | $291K | +7.9% |
Summary: 70501 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140.8%, 2 bedroom homes increased by 47.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Zip Codes
| 70501 | $161.5K | $166.7K | +3.3% |
| 70506 | $205K | $207.8K | +1.4% |
| 70507 | $213K | $212.4K | -0.3% |
| 70508 | $276.1K | $269.9K | -2.3% |
| 70503 | $285K | $265K | -7.0% |
Housing Supply in 70501, LA
How many homes are available in 70501, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 110 | +2.8% |
Summary: The 70501 real estate market had 110 homes for sale in November 2024, a 2.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 7 | +250.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 70501 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70501, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 70501 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 70501, LA
How long does it take to sell a home in 70501, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 71 Days | +18.8% |
Summary: Homes in 70501 had an average of 71 days on market in Nov 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 70501; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited.