$36,850
6.72 Acres
Land
Gail Adams, Listing Office: Carl Adams & Associates
Is 71075, 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, 71075 was a Buyer's Market.
Key Takeaway
71075 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 71075, LA
How much do homes in 71075, LA cost?
Median Sold Price
$88,750
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,700(-19.6%)
Key Takeaway
Homes in 71075 have sold for 19.6% less than they did a year ago.
Summary: The median home sold price in 71075 was $88,750 in October 2024, down 19.6% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | - | N/A |
| 2 Bedrooms | $39.9K | $31.5K | -21.2% |
| 3 Bedrooms | $127K | $95.9K | -24.5% |
| 4 Bedrooms | $174.5K | $107.4K | -38.4% |
| 5+ Bedrooms | - | $90K | N/A |
Summary: 71075 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 decreased by 21.2%, 3 bedroom homes decreased by 24.5%, 4 bedroom homes decreased by 38.4%, and 5+ bedroom homes did not change.
Housing Supply in 71075, LA
How many homes are available in 71075, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The 71075 real estate market had 25 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71075 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 150%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71075, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 71075 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 71075, LA
We’re sorry, we don't have information for this market at the moment
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