$1,568 Closing Credit*
$132,000
1,056 SqFt
2 Beds
•1 Full Bath, 1 Partial
Rachel Pacheco, Listing Office: RE/MAX Real Estate Services
Is 71105, 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, 71105 has remained a Seller's Market.
Key Takeaway
71105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$5,033(+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 October 2024, up 2.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91K | $68.5K | -24.7% |
| 2 Bedrooms | $140K | $157K | +12.1% |
| 3 Bedrooms | $199.9K | $205K | +2.6% |
| 4 Bedrooms | $265K | $268.5K | +1.3% |
| 5+ Bedrooms | $329.9K | $362K | +9.7% |
Summary: 71105 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 71105, LA
How many homes are available in 71105, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 137 | +3.8% |
Summary: The 71105 real estate market had 137 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 95 | 96 | +1.1% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 71105 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71105, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 71105 in October 2024, up by 10.7% month-over-month. Of the 31 sold homes, 74% were sold under asking, 23% were sold at asking, and 3% 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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