Is 70548, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 70548 was a Buyer's Market.
Housing Prices in 70548, LA
How much do homes in 70548, LA cost?
Median Sold Price
$141,750
$102/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in 70548 was $141,750 in May 2024, up 28.9% from last month, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $87.5K | N/A |
3 Bedrooms | $110K | $182.7K | +66.1% |
4 Bedrooms | $162.7K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 70548 housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 66.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 70548, LA
How many homes are available in 70548, LA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The 70548 real estate market had 19 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 70548 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 70548 in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 70548, LA
How long does it take to sell a home in 70548, LA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 Days | 99 Days | -25.0% |
Summary: Homes in 70548 had an average of 99 days on market in May 2024, down by 25% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in 70548; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.