$7,244 Closing Credit*
$610,000
3,683 SqFt
5 Beds
•4 Full Baths
Mindy Wardlaw, Listing Office: Pinnacle Realty Advisors
Is 71006, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 71006 was a Seller's Market.
Key Takeaway
71006 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 71006, LA
How much do homes in 71006, LA cost?
Median Sold Price
$375,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+6.2%)
Key Takeaway
Homes in 71006 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 71006 was $375,000 in November 2024, up 6.2% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | - | N/A |
| 2 Bedrooms | $55K | $161K | +192.7% |
| 3 Bedrooms | $273.7K | $285K | +4.1% |
| 4 Bedrooms | $400K | $431.7K | +7.9% |
| 5+ Bedrooms | $453.9K | $569.5K | +25.5% |
Summary: 71006 housing prices by bedroom type for November 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 4.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in 71006, LA
How many homes are available in 71006, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 73 | -7.6% |
Summary: The 71006 real estate market had 73 homes for sale in November 2024, a 7.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 45 | 38 | -15.6% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The 71006 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 decreased by 12%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71006, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 71006 in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% 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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