Is 70544, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70544 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 70544 has remained a Seller's Market.

Key Takeaway

70544 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 70544, LA

How much do homes in 70544, LA cost?

Median Sold Price

$110,500

$55/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,500(-3.9%)

Key Takeaway

Homes in 70544 have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in 70544 was $110,500 in November 2024, down 3.9% from last year, and the median price per square foot was $55.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $48K$45K
-6.3%
3 $131.2K$121K
-7.8%
4 $162.1K$174.9K
+7.8%
5+ $144.2K$175.5K
+21.7%

Summary: 70544 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 6.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 21.7%.

Median Sold Price Compared To Nearby Zip Codes

70563
+3.0%
70544
-3.9%

Housing Supply in 70544, LA

How many homes are available in 70544, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2823-17.9%

Summary: The 70544 real estate market had 23 homes for sale in November 2024, a 17.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1713
-23.5%
4 77
0.0%
5+ 11
0.0%

Summary: The 70544 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 decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 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 70544, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 70544 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 70544, LA

How long does it take to sell a home in 70544, LA?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days83 Days+245.4%

Summary: Homes in 70544 had an average of 83 days on market in Nov 2024, up by 245.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 70544 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in 70544; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 70544, LA

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