$7,422 Closing Credit*
$625,000
3,407 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lisa Hargrove, Listing Office: Coldwell Banker Apex, REALTORS
Is 71078, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 71078 has remained a Buyer's Market.
Key Takeaway
71078 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71078, LA
How much do homes in 71078, LA cost?
Median Sold Price
$375,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,050(+7.2%)
Key Takeaway
Homes in 71078 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 71078 was $375,000 in November 2024, up 7.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171K | $178K | +4.1% |
| 3 Bedrooms | $272K | $307.5K | +13.1% |
| 4 Bedrooms | $399K | $435K | +9.0% |
| 5+ Bedrooms | $487K | $462.5K | -5.0% |
Summary: 71078 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 increased by 4.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 71078, LA
How many homes are available in 71078, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The 71078 real estate market had 32 homes for sale in November 2024, a 3.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 71078 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 increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71078, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 71078 in November 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for 71078, LA
We’re sorry, we don't have information for this market at the moment
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