$772 Closing Credit*
$65,000
2,010 SqFt
3 Beds
•2 Full Baths
Brennan Monte, Listing Office: LPT Realty, LLC
Is 70517, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 70517 has remained a Buyer's Market.
Key Takeaway
70517 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70517, LA
How much do homes in 70517, LA cost?
Median Sold Price
$220,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$39,000(-15.1%)
Key Takeaway
Homes in 70517 have sold for 15.1% less than they did a year ago.
Summary: The median home sold price in 70517 was $220,000 in November 2024, down 15.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $168.9K | -8.2% |
| 2 Bedrooms | $164K | $130K | -20.7% |
| 3 Bedrooms | $229.5K | $227.9K | -0.7% |
| 4 Bedrooms | $325K | $326K | 0.3% |
| 5+ Bedrooms | $361K | $450K | +24.7% |
Summary: 70517 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 24.7%.
Housing Supply in 70517, LA
How many homes are available in 70517, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 80 | -5.9% |
Summary: The 70517 real estate market had 80 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 70517 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 25%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70517, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 70517 in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 70517, LA
How long does it take to sell a home in 70517, LA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 59 Days | +34.6% |
Summary: Homes in 70517 had an average of 59 days on market in Nov 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70517 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 70517; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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.