Is 70548, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70548 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 70548 has remained a Buyer's Market.

Key Takeaway

70548 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 70548, LA

How much do homes in 70548, LA cost?

Median Sold Price

$263,500

$126/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$151,000(+134.2%)

Key Takeaway

Homes in 70548 have sold for 134.2% more than they did a month ago.

Summary: The median home sold price in 70548 was $263,500 in December 2024, up 134.2% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $112.5K$192K
+70.7%
4 -$335K
N/A
5+ --
N/A

Summary: 70548 housing prices by bedroom type for December 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 70.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

70548
+134.2%
70559
+9.9%

Housing Supply in 70548, LA

How many homes are available in 70548, LA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2124+14.3%

Summary: The 70548 real estate market had 24 homes for sale in December 2024, a 14.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 1415
+7.1%
4 67
+16.7%
5+ 00
0.0%

Summary: The 70548 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70548, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 70548 in December 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% 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

Nov 2024Dec 2024CHANGE
164 Days6 Days-96.0%

Summary: Homes in 70548 had an average of 6 days on market in Dec 2024, down by 96% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 70548 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 70548; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in 70548, LA

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