$2,255 Closing Credit*
$189,900
2,048 SqFt
3 Beds
•2 Full Baths
Billy Pritchard, Listing Office: Dream Home Realty, LLC
Is 70518, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 70518 has remained a Neutral Market.
Key Takeaway
70518 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 70518, LA
How much do homes in 70518, LA cost?
Median Sold Price
$299,999
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,999(+9.1%)
Key Takeaway
Homes in 70518 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 70518 was $299,999 in October 2024, up 9.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $129.9K | $136.4K | +5.0% |
| 3 Bedrooms | $253K | $267.2K | +5.6% |
| 4 Bedrooms | $364K | $370K | +1.6% |
| 5+ Bedrooms | $825K | $724K | -12.2% |
Summary: 70518 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Zip Codes
| 70518 | $275K | $299.9K | +9.1% |
| 70592 | $280K | $273.6K | -2.3% |
| 70508 | $279.9K | $268K | -4.3% |
| 70582 | $188.5K | $180K | -4.5% |
Housing Supply in 70518, LA
How many homes are available in 70518, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 126 | +3.3% |
Summary: The 70518 real estate market had 126 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 71 | 73 | +2.8% |
| 4 Bedrooms | 41 | 45 | +9.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 70518 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70518, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 70518 in October 2024, up by 5.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 57% were sold at asking, and 5% were sold over asking.
Days on Market for 70518, LA
How long does it take to sell a home in 70518, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 59 Days | -19.9% |
Summary: Homes in 70518 had an average of 59 days on market in Oct 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70518 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 70518; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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