$1,424 Closing Credit*
$119,900
1,780 SqFt
3 Beds
•2 Full Baths
Dennis McMullan, Listing Office: McMullan Realty
Is 71075, 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, 71075 was a Neutral Market.
Key Takeaway
71075 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71075, LA
How much do homes in 71075, LA cost?
Median Sold Price
$91,500
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,750(-19.9%)
Key Takeaway
Homes in 71075 have sold for 19.9% less than they did a year ago.
Summary: The median home sold price in 71075 was $91,500 in November 2024, down 19.9% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | - | N/A |
| 2 Bedrooms | $66.9K | $31.5K | -52.9% |
| 3 Bedrooms | $128K | $95.9K | -25.1% |
| 4 Bedrooms | $169K | $107.4K | -36.4% |
| 5+ Bedrooms | - | $90K | N/A |
Summary: 71075 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 decreased by 52.9%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes decreased by 36.4%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Summary: The 71075 real estate market had 18 homes for sale in November 2024, a 25.0% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 71075 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 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 71075, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 71075 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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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