$1,514 Closing Credit*
$127,500
1,455 SqFt
2 Beds
•2 Full Baths, 1 Partial
Clare Hensarling, Listing Office: Latter & Blum Compass
Is 70501, 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, 70501 was a Buyer's Market.
Key Takeaway
70501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70501, LA
How much do homes in 70501, LA cost?
Median Sold Price
$172,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+7.5%)
Key Takeaway
Homes in 70501 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 70501 was $172,000 in October 2024, up 7.5% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35.2K | $84.8K | +140.8% |
| 2 Bedrooms | $95.9K | $126K | +31.4% |
| 3 Bedrooms | $159.5K | $165.5K | +3.8% |
| 4 Bedrooms | $257.2K | $242.5K | -5.7% |
| 5+ Bedrooms | $299.5K | $273.5K | -8.7% |
Summary: 70501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140.8%, 2 bedroom homes increased by 31.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Zip Codes
| 70501 | $160K | $172K | +7.5% |
| 70506 | $207K | $207.3K | 0.2% |
| 70507 | $215K | $215K | 0.0% |
| 70508 | $279.9K | $268K | -4.3% |
| 70503 | $290.3K | $265K | -8.7% |
Housing Supply in 70501, LA
How many homes are available in 70501, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 103 | -2.8% |
Summary: The 70501 real estate market had 103 homes for sale in October 2024, a 2.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 53 | 49 | -7.5% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 70501 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70501, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 70501 in October 2024, up by 23.5% month-over-month. Of the 21 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 52 Days | +15.1% |
Summary: Homes in 70501 had an average of 52 days on market in Oct 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 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 October 2024, 21 homes were sold in 70501; 43% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% 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.