$2,138 Closing Credit*
$180,000
1,234 SqFt
3 Beds
•1 Full Bath
Vanessa Hackleman, Listing Office: Berkshire Hathaway HomeServices Ally Real Estate
Is 71047, 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, 71047 was a Seller's Market.
Key Takeaway
71047 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 71047, LA
How much do homes in 71047, LA cost?
Median Sold Price
$249,950
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,950(+4.1%)
Key Takeaway
Homes in 71047 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 71047 was $249,950 in October 2024, up 4.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $138K | N/A |
| 3 Bedrooms | $234.9K | $234.9K | 0.0% |
| 4 Bedrooms | $289K | $370K | +28.0% |
| 5+ Bedrooms | $353.7K | $549.9K | +55.5% |
Summary: 71047 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 55.5%.
Housing Supply in 71047, LA
How many homes are available in 71047, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Summary: The 71047 real estate market had 31 homes for sale in October 2024, a 34.8% 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 | 17 | 22 | +29.4% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 71047 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 29.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 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 71047, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 71047 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 71047, LA
We’re sorry, we don't have information for this market at the moment
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