$926 Closing Credit*
$78,000
884 SqFt
2 Beds
•1 Full Bath
Scott Friestad, Listing Office: Friestad Realty
Is 71108, 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, 71108 was a Neutral Market.
Key Takeaway
71108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71108, LA
How much do homes in 71108, LA cost?
Median Sold Price
$45,000
$41/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+4.7%)
Key Takeaway
Homes in 71108 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 71108 was $45,000 in November 2024, up 4.7% from last year, and the median price per square foot was $41.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $22.5K | $37.4K | +66.4% |
| 2 Bedrooms | $32.1K | $30K | -6.6% |
| 3 Bedrooms | $59K | $52K | -11.9% |
| 4 Bedrooms | $60.3K | $49K | -18.9% |
| 5+ Bedrooms | $102.5K | $117.5K | +14.5% |
Summary: 71108 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 71108, LA
How many homes are available in 71108, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 110 | +4.8% |
Summary: The 71108 real estate market had 110 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 40 | 41 | +2.5% |
| 3 Bedrooms | 55 | 57 | +3.6% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 71108 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 increased by 2.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71108, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 71108 in November 2024, up by 36.4% month-over-month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 71108, LA
We’re sorry, we don't have information for this market at the moment
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