$3,251 Closing Credit*
$273,760
1,892 SqFt
4 Beds
•2 Full Baths
Saun Sullivan, Listing Office: Cicero 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 November 2023
At the same time last year, 70518 was a Neutral Market.
Key Takeaway
70518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70518, LA
How much do homes in 70518, LA cost?
Median Sold Price
$298,918
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,418(+7.7%)
Key Takeaway
Homes in 70518 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 70518 was $298,918 in November 2024, up 7.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $129.9K | $136.4K | +5.0% |
| 3 Bedrooms | $252.5K | $267.2K | +5.8% |
| 4 Bedrooms | $369.4K | $367.5K | -0.5% |
| 5+ Bedrooms | $572.2K | $724K | +26.5% |
Summary: 70518 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 increased by 5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Zip Codes
| 70518 | $277.5K | $298.9K | +7.7% |
| 70508 | $276.1K | $269.9K | -2.3% |
| 70592 | $279.9K | $270.9K | -3.2% |
Housing Supply in 70518, LA
How many homes are available in 70518, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 124 | -1.6% |
Summary: The 70518 real estate market had 124 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 76 | 82 | +7.9% |
| 4 Bedrooms | 43 | 36 | -16.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 70518 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 33.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70518, expect to pay close to the asking price. 52.4% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 70518 in November 2024, down by 4.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 52% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 83 Days | +69.1% |
Summary: Homes in 70518 had an average of 83 days on market in Nov 2024, up by 69.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 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 November 2024, 21 homes were sold in 70518; 43% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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