$2,553 Closing Credit*
$215,000
1,518 SqFt
3 Beds
•2 Full Baths
Maddie Boggs, Listing Office: Keller Williams Northwest
Is 71107, 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, 71107 was a Seller's Market.
Key Takeaway
71107 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 71107, LA
How much do homes in 71107, LA cost?
Median Sold Price
$210,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-4.5%)
Key Takeaway
Homes in 71107 have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in 71107 was $210,000 in November 2024, down 4.5% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87.2K | $129.5K | +48.4% |
| 3 Bedrooms | $189.9K | $199K | +4.8% |
| 4 Bedrooms | $285.5K | $253K | -11.4% |
| 5+ Bedrooms | $333.4K | $338.8K | +1.6% |
Summary: 71107 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 increased by 48.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 71107, LA
How many homes are available in 71107, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 90 | +3.4% |
Summary: The 71107 real estate market had 90 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 51 | 52 | +2.0% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 71107 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 decreased by 9.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71107, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 71107 in November 2024, up by 8.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 8% were sold at asking, and 38% were sold over asking.
Days on Market for 71107, LA
We’re sorry, we don't have information for this market at the moment
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