$600,000
38.31 Acres
Land
Fred Arsement, Listing Office: Keller Williams Realty Acadiana
Is 70578, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 70578 has remained a Buyer's Market.
Key Takeaway
70578 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 70578, LA
How much do homes in 70578, LA cost?
Median Sold Price
$184,300
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,300(+1.8%)
Key Takeaway
Homes in 70578 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 70578 was $184,300 in October 2024, up 1.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $98.1K | $117.5K | +19.8% |
| 3 Bedrooms | $182K | $185.6K | +2.0% |
| 4 Bedrooms | $229K | $244K | +6.6% |
| 5+ Bedrooms | $248.5K | $207.9K | -16.3% |
Summary: 70578 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Zip Codes
| 70529 | $212K | $220K | +3.8% |
| 70578 | $181K | $184.3K | +1.8% |
| 70583 | $233.5K | $231.9K | -0.7% |
| 70526 | $180K | $152.5K | -15.3% |
Housing Supply in 70578, LA
How many homes are available in 70578, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The 70578 real estate market had 46 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 70578 housing inventory by bedroom type for October 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 9.4%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 70578, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 70578 in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 70578, LA
How long does it take to sell a home in 70578, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 51 Days | -38.7% |
Summary: Homes in 70578 had an average of 51 days on market in Oct 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 70578 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 70578; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited.