$87,000
2.17 Acres
Land
Chandra Wilson, Listing Office: Keller Williams Northwest
Is 71027, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 71027 was a Neutral Market.
Key Takeaway
71027 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71027, LA
How much do homes in 71027, LA cost?
Median Sold Price
$272,975
$142/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$86,012(-24.0%)
Key Takeaway
Homes in 71027 have sold for 24% less than they did a month ago.
Summary: The median home sold price in 71027 was $272,975 in October 2024, down 24% from last month, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $252.9K | - | N/A |
| 4 Bedrooms | $465K | $272.9K | -41.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: 71027 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 did not change, 4 bedroom homes decreased by 41.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 71030 | $289.9K | $319.9K | +10.4% |
| 71027 | $358.9K | $272.9K | -24.0% |
Housing Supply in 71027, LA
How many homes are available in 71027, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The 71027 real estate market had 13 homes for sale in October 2024, a 8.3% 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 | 3 | 4 | +33.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71027 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71027, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 71027 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 71027, LA
We’re sorry, we don't have information for this market at the moment
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