$3,551 Closing Credit*
$299,000
1,749 SqFt
3 Beds
•2 Full Baths
Hannah Loker, Listing Office: Sterling & Southern Real Estate Co. LLC
Is 71107, 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, 71107 was a Seller's Market.
Key Takeaway
71107 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71107, LA
How much do homes in 71107, LA cost?
Median Sold Price
$222,450
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,450(+4.9%)
Key Takeaway
Homes in 71107 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 71107 was $222,450 in October 2024, up 4.9% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89.5K | $112.5K | +25.7% |
| 3 Bedrooms | $185K | $205K | +10.8% |
| 4 Bedrooms | $284K | $268K | -5.7% |
| 5+ Bedrooms | $329.6K | $337.7K | +2.5% |
Summary: 71107 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 71107, LA
How many homes are available in 71107, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 89 | +14.1% |
Summary: The 71107 real estate market had 89 homes for sale in October 2024, a 14.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 48 | 52 | +8.3% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 71107 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 42.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71107, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 71107 in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and 0% 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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