$4,370 Closing Credit*
$368,000
3,130 SqFt
4 Beds
•3 Full Baths
Catherine Hunt, 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 November 2023
At the same time last year, 71055 was a Neutral Market.
Key Takeaway
71055 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71055, LA
How much do homes in 71055, LA cost?
Median Sold Price
$148,650
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,650(+4.0%)
Key Takeaway
Homes in 71055 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 71055 was $148,650 in November 2024, up 4% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68.5K | $28K | -59.1% |
| 2 Bedrooms | $46K | $100.7K | +119.0% |
| 3 Bedrooms | $144K | $150K | +4.2% |
| 4 Bedrooms | $211.5K | $224K | +5.9% |
| 5+ Bedrooms | $228.7K | $270K | +18.0% |
Summary: 71055 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.1%, 2 bedroom homes increased by 119%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 18%.
Housing Supply in 71055, LA
How many homes are available in 71055, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 46 | -8.0% |
Summary: The 71055 real estate market had 46 homes for sale in November 2024, a 8.0% decrease 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 71055 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 decreased by 75%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71055, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 71055 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 71055, LA
We’re sorry, we don't have information for this market at the moment
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