Is 71082, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71082 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 71082 was a Neutral Market.

Key Takeaway

71082 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 71082, LA

How much do homes in 71082, LA cost?

Median Sold Price

$102,250

$68/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$41,250(+67.6%)

Key Takeaway

Homes in 71082 have sold for 67.6% more than they did a month ago.

Summary: The median home sold price in 71082 was $102,250 in November 2024, up 67.6% from last month, and the median price per square foot was $68.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$77K
N/A
3 $68.9K$130K
+88.5%
4 $61K-
N/A
5+ --
N/A

Summary: 71082 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 88.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 71082, LA

How many homes are available in 71082, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2019-5.0%

Summary: The 71082 real estate market had 19 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1212
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The 71082 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71082, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 71082 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 71082, LA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 71082, LA

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