$5,526 Closing Credit*
$465,360
2,216 SqFt
4 Beds
•3 Full Baths
Karla Greene, Listing Office: Coldwell Banker Apex, REALTORS
Is 71006, 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, 71006 has remained a Seller's Market.
Key Takeaway
71006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71006, LA
How much do homes in 71006, LA cost?
Median Sold Price
$375,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,660(+7.0%)
Key Takeaway
Homes in 71006 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 71006 was $375,000 in October 2024, up 7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $55K | $161K | +192.7% |
| 3 Bedrooms | $268.9K | $275K | +2.3% |
| 4 Bedrooms | $405K | $421.5K | +4.1% |
| 5+ Bedrooms | $487.9K | $515.7K | +5.7% |
Summary: 71006 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 192.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 71006, LA
How many homes are available in 71006, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 82 | +9.3% |
Summary: The 71006 real estate market had 82 homes for sale in October 2024, a 9.3% increase 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 | 28 | 25 | -10.7% |
| 4 Bedrooms | 40 | 48 | +20.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 71006 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 decreased by 10.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71006, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 71006 in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for 71006, LA
We’re sorry, we don't have information for this market at the moment
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