$3,563 Closing Credit*
$300,000
2,190 SqFt
3 Beds
•2 Full Baths
Mindy Wardlaw, Listing Office: Pinnacle Realty Advisors
Is 71047, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 71047 was a Seller's Market.
Key Takeaway
71047 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71047, LA
How much do homes in 71047, LA cost?
Median Sold Price
$260,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+8.3%)
Key Takeaway
Homes in 71047 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 71047 was $260,000 in November 2024, up 8.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $138K | N/A |
| 3 Bedrooms | $237K | $234.3K | -1.1% |
| 4 Bedrooms | $283K | $370K | +30.7% |
| 5+ Bedrooms | $353.7K | $549.9K | +55.5% |
Summary: 71047 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 did not change, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 30.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The 71047 real estate market had 37 homes for sale in November 2024, a 19.4% 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 71047 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 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 71047, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 71047 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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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