$145,000
42.00 Acres
Land
Ethan Blakeley, Listing Office: LA State Realty, LLC
Is 71040, 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, 71040 has remained a Seller's Market.
Key Takeaway
71040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71040, LA
How much do homes in 71040, LA cost?
Median Sold Price
$127,500
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$67,500(-34.6%)
Key Takeaway
Homes in 71040 have sold for 34.6% less than they did a year ago.
Summary: The median home sold price in 71040 was $127,500 in October 2024, down 34.6% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $5K | N/A |
| 2 Bedrooms | $46.7K | $60K | +28.3% |
| 3 Bedrooms | $268.7K | $161.2K | -40.0% |
| 4 Bedrooms | $447K | - | N/A |
| 5+ Bedrooms | $180K | $450K | +150.0% |
Summary: 71040 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 28.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 150%.
Housing Supply in 71040, LA
How many homes are available in 71040, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The 71040 real estate market had 17 homes for sale in October 2024, a 13.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71040 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71040, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 71040 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 71040, LA
We’re sorry, we don't have information for this market at the moment
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