Is 70535, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70535 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 70535 was a Neutral Market.

Key Takeaway

70535 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 70535, LA

How much do homes in 70535, LA cost?

Median Sold Price

$136,500

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$9,000(+7.1%)

Key Takeaway

Homes in 70535 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 70535 was $136,500 in December 2024, up 7.1% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$84K
N/A
2 $85K$105K
+23.5%
3 $120K$149.3K
+24.4%
4 $250K$117.5K
-53.0%
5+ $114.7K-
N/A

Summary: 70535 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 53%, and 5+ bedroom homes did not change.

Housing Supply in 70535, LA

How many homes are available in 70535, LA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5554-1.8%

Summary: The 70535 real estate market had 54 homes for sale in December 2024, a 1.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 79
+28.6%
3 3531
-11.4%
4 1011
+10.0%
5+ 22
0.0%

Summary: The 70535 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70535, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 70535 in December 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 70535, LA

How long does it take to sell a home in 70535, LA?

Average Sale Time

Dec 2023Dec 2024CHANGE
56 Days82 Days+44.3%

Summary: Homes in 70535 had an average of 82 days on market in Dec 2024, up by 44.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 70535 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in 70535; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

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