Is 70510, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70510 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 70510 was a Neutral Market.

Key Takeaway

70510 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 70510, LA

How much do homes in 70510, LA cost?

Median Sold Price

$140,000

$82/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 70510 has remained the same since last year.

Summary: The median home sold price in 70510 was $140,000 in November 2024, the same as last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$77K
N/A
2 $98.7K$45K
-54.4%
3 $154K$150K
-2.6%
4 $249.5K$222.4K
-10.8%
5+ $160K$150K
-6.3%

Summary: 70510 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 54.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

70533
+3.2%
70510
0.0%
70555
-6.6%

Housing Supply in 70510, LA

How many homes are available in 70510, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9697+1.0%

Summary: The 70510 real estate market had 97 homes for sale in November 2024, a 1.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1514
-6.7%
3 5854
-6.9%
4 1924
+26.3%
5+ 23
+50.0%

Summary: The 70510 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70510, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 70510 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 70510, LA

How long does it take to sell a home in 70510, LA?

Average Sale Time

Nov 2023Nov 2024CHANGE
72 Days97 Days+34.5%

Summary: Homes in 70510 had an average of 97 days on market in Nov 2024, up by 34.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 70510 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 7 homes were sold in 70510; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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 21 Days Ago

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