$1,520 Closing Credit*
$128,000
1,419 SqFt
3 Beds
•1 Full Bath, 1 Partial
Charlotte Henderson, Listing Office: Century 21 Elite
Is 71108, 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, 71108 was a Seller's 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
$49,050
$42/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,050(+14.1%)
Key Takeaway
Homes in 71108 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 71108 was $49,050 in October 2024, up 14.1% from last year, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $22.5K | $59.9K | +166.2% |
| 2 Bedrooms | $32.1K | $31.5K | -1.9% |
| 3 Bedrooms | $58K | $55K | -5.2% |
| 4 Bedrooms | $56K | $67.7K | +21.0% |
| 5+ Bedrooms | $102.5K | $117.5K | +14.5% |
Summary: 71108 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.2%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 21%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 103 | +4.0% |
Summary: The 71108 real estate market had 103 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 39 | 40 | +2.6% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 71108 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 2.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71108, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 71108 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% 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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