$130,000
5.38 Acres
Land
Christina Reyerson, Listing Office: ALLO Real Estate
Is 70555, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 70555 has remained a Seller's Market.
Key Takeaway
70555 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70555, LA
How much do homes in 70555, LA cost?
Median Sold Price
$240,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$9,749(-3.9%)
Key Takeaway
Homes in 70555 have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in 70555 was $240,000 in December 2024, down 3.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $170K | $145K | -14.7% |
| 3 Bedrooms | $233K | $230K | -1.3% |
| 4 Bedrooms | $260K | $265.4K | +2.1% |
| 5+ Bedrooms | $480K | - | N/A |
Summary: 70555 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 decreased by 14.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 70529 | $212K | $224K | +5.7% |
| 70555 | $249.7K | $240K | -3.9% |
| 70592 | $280K | $267.8K | -4.3% |
| 70503 | $290K | $265K | -8.6% |
Housing Supply in 70555, LA
How many homes are available in 70555, LA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The 70555 real estate market had 34 homes for sale in December 2024, a 2.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 70555 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70555, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 70555 in December 2024, up by 200.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for 70555, LA
How long does it take to sell a home in 70555, LA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 56 Days | 88 Days | +57.3% |
Summary: Homes in 70555 had an average of 88 days on market in Dec 2024, up by 57.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 70555 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 12 homes were sold in 70555; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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