$8,016 Closing Credit*
$675,000
4,084 SqFt
5 Beds
•3 Full Baths, 1 Partial
Michael Salter, Listing Office: Century 21 Elite
Is 71106, 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, 71106 was a Seller's Market.
Key Takeaway
71106 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 71106, LA
How much do homes in 71106, LA cost?
Median Sold Price
$310,000
$136/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 71106 has remained the same since last year.
Summary: The median home sold price in 71106 was $310,000 in November 2024, the same as last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $55.5K | +11.0% |
| 2 Bedrooms | $154.5K | $82.5K | -46.6% |
| 3 Bedrooms | $265.1K | $270K | +1.8% |
| 4 Bedrooms | $388.2K | $403.5K | +3.9% |
| 5+ Bedrooms | $657.5K | $582.4K | -11.4% |
Summary: 71106 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes decreased by 46.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 11.4%.
Housing Supply in 71106, LA
How many homes are available in 71106, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 248 | 241 | -2.8% |
Summary: The 71106 real estate market had 241 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 103 | 100 | -2.9% |
| 4 Bedrooms | 93 | 88 | -5.4% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The 71106 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Asking Price vs. Sold Price
23 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. 62.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 71106 in November 2024, up by 15.6% month-over-month. Of the 37 sold homes, 62% were sold under asking, 27% were sold at asking, and 11% 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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