$321 Closing Credit*
$27,032
1,650 SqFt
4 Beds
•1 Full Bath
Hayden Wallace, Listing Office: Berkshire Hathaway HomeServices Ally Real Estate
Is 71101, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 71101 has remained a Seller's Market.
Key Takeaway
71101 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71101, LA
How much do homes in 71101, LA cost?
Median Sold Price
$65,000
$36/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+25.0%)
Key Takeaway
Homes in 71101 have sold for 25% more than they did a year ago.
Summary: The median home sold price in 71101 was $65,000 in October 2024, up 25% from last year, and the median price per square foot was $36.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $65K | $37.5K | -42.3% |
| 3 Bedrooms | $64.5K | $51K | -20.9% |
| 4 Bedrooms | $46K | $75K | +63.0% |
| 5+ Bedrooms | $45K | $50K | +11.1% |
Summary: 71101 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 42.3%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes increased by 63%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 71101, LA
How many homes are available in 71101, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The 71101 real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 71101 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, 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
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71101, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 71101 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 71101, LA
We’re sorry, we don't have information for this market at the moment
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