$1,484 Closing Credit*
$125,000
8 Beds
•4 Full Baths
Michael Faulk, Listing Office: RE/MAX Executive Realty
Is 71101, 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, 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
$50,500
$35/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,500(-2.9%)
Key Takeaway
Homes in 71101 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 71101 was $50,500 in November 2024, down 2.9% from last year, and the median price per square foot was $35.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $84.5K | N/A |
| 2 Bedrooms | $65K | $28.3K | -56.3% |
| 3 Bedrooms | $54.5K | $40K | -26.6% |
| 4 Bedrooms | $52K | $65K | +25.0% |
| 5+ Bedrooms | $45K | $50K | +11.1% |
Summary: 71101 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 56.3%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes increased by 25%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Summary: The 71101 real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71101 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 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71101, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 71101 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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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