Is 70554, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 70554 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 70554 was a Seller's Market.

Key Takeaway

70554 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 70554, LA

How much do homes in 70554, LA cost?

Median Sold Price

$115,000

$47/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$58,500(+103.5%)

Key Takeaway

Homes in 70554 have sold for 103.5% more than they did a month ago.

Summary: The median home sold price in 70554 was $115,000 in November 2024, up 103.5% from last month, and the median price per square foot was $47.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $56.5K-
N/A
4 -$115K
N/A
5+ --
N/A

Summary: 70554 housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

70554
+103.5%
70535
-54.3%

Housing Supply in 70554, LA

How many homes are available in 70554, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
57+40.0%

Summary: The 70554 real estate market had 7 homes for sale in November 2024, a 40.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 34
+33.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The 70554 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 70554, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 70554 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 70554, LA

How long does it take to sell a home in 70554, LA?

Average Sale Time

Oct 2024Nov 2024CHANGE
9 Days14 Days+55.6%

Summary: Homes in 70554 had an average of 14 days on market in Nov 2024, up by 55.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 70554 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 70554; 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 21 Days Ago

Newest Listings in 70554, LA

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