$10,000 Closing Credit*
$875,000
3,388 SqFt
4 Beds
•4 Full Baths, 1 Partial
Mindy Wardlaw, Listing Office: Pinnacle Realty Advisors
Is 71106, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 71106 was a Neutral Market.
Key Takeaway
71106 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71106, LA
How much do homes in 71106, LA cost?
Median Sold Price
$312,333
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$133(0%)
Key Takeaway
The sold price of homes in 71106 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $41.5K | -17.0% |
| 2 Bedrooms | $174.3K | $75K | -57.0% |
| 3 Bedrooms | $265K | $278.5K | +5.1% |
| 4 Bedrooms | $380K | $400K | +5.3% |
| 5+ Bedrooms | $620K | $625K | +0.8% |
Summary: 71106 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes decreased by 57%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 71106, LA
How many homes are available in 71106, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 245 | 251 | +2.4% |
Summary: The 71106 real estate market had 251 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 106 | 104 | -1.9% |
| 4 Bedrooms | 87 | 96 | +10.3% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The 71106 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 decreased by 10.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 33 | -17.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71106, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 71106 in October 2024, down by 17.5% month-over-month. Of the 33 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% were sold over asking.
Days on Market for 71106, LA
We’re sorry, we don't have information for this market at the moment
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