$3,800 Closing Credit*
$320,000
1,763 SqFt
3 Beds
•2 Full Baths
Karen Guyton, Listing Office: Coldwell Banker Apex, REALTORS
Is 71037, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 71037 was a Seller's Market.
Key Takeaway
71037 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 71037, LA
How much do homes in 71037, LA cost?
Median Sold Price
$263,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+5.2%)
Key Takeaway
Homes in 71037 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 71037 was $263,000 in October 2024, up 5.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120.5K | $153K | +27.0% |
| 3 Bedrooms | $220.2K | $225K | +2.2% |
| 4 Bedrooms | $320K | $349.9K | +9.3% |
| 5+ Bedrooms | $493K | $401K | -18.7% |
Summary: 71037 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 27%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Zip Codes
| 71112 | $189.9K | $205.8K | +8.4% |
| 71037 | $250K | $263K | +5.2% |
Housing Supply in 71037, LA
How many homes are available in 71037, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 107 | +23.0% |
Summary: The 71037 real estate market had 107 homes for sale in October 2024, a 23.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 48 | 55 | +14.6% |
| 4 Bedrooms | 35 | 45 | +28.6% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 71037 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 14.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71037, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 71037 in October 2024, up by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for 71037, LA
We’re sorry, we don't have information for this market at the moment
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