$2,173 Closing Credit*
$183,000
1,860 SqFt
4 Beds
•2 Full Baths
Tena Hines, Listing Office: Coldwell Banker Apex, REALTORS
Is 71105, 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, 71105 was a Seller's Market.
Key Takeaway
71105 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71105, LA
How much do homes in 71105, LA cost?
Median Sold Price
$205,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,075(+2.5%)
Key Takeaway
Homes in 71105 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 71105 was $205,000 in November 2024, up 2.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | $68.5K | -24.7% |
| 2 Bedrooms | $139.9K | $158.5K | +13.3% |
| 3 Bedrooms | $199.9K | $199K | -0.5% |
| 4 Bedrooms | $267K | $271.4K | +1.7% |
| 5+ Bedrooms | $324.9K | $358.5K | +10.3% |
Summary: 71105 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in 71105, LA
How many homes are available in 71105, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 123 | -0.8% |
Summary: The 71105 real estate market had 123 homes for sale in November 2024, a 0.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 85 | 82 | -3.5% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71105 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 16 | -51.5% |
Asking Price vs. Sold Price
13 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 71105, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 71105 in November 2024, down by 51.5% month-over-month. Of the 16 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.
Days on Market for 71105, LA
We’re sorry, we don't have information for this market at the moment
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