$6,411 Closing Credit*
$539,900
2,558 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jessica Huguet, Listing Office: Berkshire Hathaway HomeServices Preferred, REALTOR
Is 70706, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 70706 has remained a Seller's Market.
Key Takeaway
70706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 70706, LA
How much do homes in 70706, LA cost?
Median Sold Price
$235,900
$162/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$20,000(-7.8%)
Key Takeaway
Homes in 70706 have sold for 7.8% less than they did a month ago.
Summary: The median home sold price in 70706 was $235,900 in October 2024, down 7.8% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $224.9K | $233.5K | +3.8% |
| 4 Bedrooms | $234.9K | $235.9K | 0.4% |
| 5+ Bedrooms | $276.9K | - | N/A |
Summary: 70706 housing prices by bedroom type for October 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 3.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes did not change.
Housing Supply in 70706, LA
How many homes are available in 70706, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The 70706 real estate market had 8 homes for sale in October 2024, a 27.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 70706 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 70706, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 70706 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for 70706, LA
How long does it take to sell a home in 70706, LA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 20 Days | -37.0% |
Summary: Homes in 70706 had an average of 20 days on market in Oct 2024, down by 37% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 70706 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 70706; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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