$3,147 Closing Credit*
$265,000
1,754 SqFt
3 Beds
•2 Full Baths, 1 Partial
Blake T Arceneaux, Listing Office: EXP Realty, LLC
Is 70506, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 70506 has remained a Seller's Market.
Key Takeaway
70506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70506, LA
How much do homes in 70506, LA cost?
Median Sold Price
$208,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,000(+1.5%)
Key Takeaway
Homes in 70506 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 70506 was $208,000 in December 2024, up 1.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $73K | -27.0% |
| 2 Bedrooms | $128K | $125.5K | -2.0% |
| 3 Bedrooms | $217.9K | $213.3K | -2.1% |
| 4 Bedrooms | $285.4K | $275K | -3.7% |
| 5+ Bedrooms | - | $416K | N/A |
Summary: 70506 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 70529 | $212K | $224K | +5.7% |
| 70506 | $205K | $208K | +1.5% |
| 70583 | $235K | $238K | +1.3% |
| 70501 | $158.8K | $159.5K | 0.4% |
| 70503 | $290K | $265K | -8.6% |
Housing Supply in 70506, LA
How many homes are available in 70506, LA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 188 | 173 | -8.0% |
Summary: The 70506 real estate market had 173 homes for sale in December 2024, a 8.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 35 | 33 | -5.7% |
| 3 Bedrooms | 102 | 98 | -3.9% |
| 4 Bedrooms | 49 | 41 | -16.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 70506 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70506, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 70506 in December 2024, down by 3.1% month-over-month. Of the 31 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for 70506, LA
How long does it take to sell a home in 70506, LA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 61 Days | 67 Days | +9.6% |
Summary: Homes in 70506 had an average of 67 days on market in Dec 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 70506 has remained consistent over time.
Summary: During December 2024, 31 homes were sold in 70506; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% 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.