$2,120 Closing Credit*
$178,500
1,148 SqFt
3 Beds
•2 Full Baths
Paul Bratlie, Listing Office: RE/MAX Real Estate Services
Is 71037, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 71037 has remained a Neutral 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
$266,440
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,440(+6.6%)
Key Takeaway
Homes in 71037 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 71037 was $266,440 in November 2024, up 6.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120.5K | $149.5K | +24.1% |
| 3 Bedrooms | $225K | $226K | 0.4% |
| 4 Bedrooms | $330K | $349.9K | +6.0% |
| 5+ Bedrooms | $436K | $401K | -8.0% |
Summary: 71037 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 24.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Zip Codes
| 71112 | $187K | $205K | +9.6% |
| 71037 | $250K | $266.4K | +6.6% |
Housing Supply in 71037, LA
How many homes are available in 71037, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 108 | +5.9% |
Summary: The 71037 real estate market had 108 homes for sale in November 2024, a 5.9% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 53 | 55 | +3.8% |
| 4 Bedrooms | 42 | 46 | +9.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 71037 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 increased by 100%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71037, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 71037 in November 2024, the same as the previous month. Of the 16 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% 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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