$950 Closing Credit*
$80,000
2,000 SqFt
3 Beds
•2 Full Baths
Rachael Culpepper, Listing Office: LA State Realty, LLC
Is 71055, 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, 71055 was a Seller's Market.
Key Takeaway
71055 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 71055, LA
How much do homes in 71055, LA cost?
Median Sold Price
$144,600
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$600(+0.4%)
Key Takeaway
The sold price of homes in 71055 has remained the same since last year.
Summary: The median home sold price in 71055 was $144,600 in October 2024, up 0.4% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.5K | $28K | -59.1% |
| 2 Bedrooms | $46K | $99K | +115.2% |
| 3 Bedrooms | $145K | $147.5K | +1.7% |
| 4 Bedrooms | $204K | $272.2K | +33.5% |
| 5+ Bedrooms | $229.5K | $270K | +17.6% |
Summary: 71055 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.1%, 2 bedroom homes increased by 115.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 71055, LA
How many homes are available in 71055, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The 71055 real estate market had 50 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 71055 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 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 71055, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 71055 in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 71055, LA
We’re sorry, we don't have information for this market at the moment
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.