$416 Closing Credit*
$35,000
836 SqFt
2 Beds
•1 Full Bath
Rodney Yoakum, Listing Office: Call It Closed International, Inc.
Is 71109, 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, 71109 was a Seller's Market.
Key Takeaway
71109 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 71109, LA
How much do homes in 71109, LA cost?
Median Sold Price
$42,000
$33/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,643(+4.1%)
Key Takeaway
Homes in 71109 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 71109 was $42,000 in November 2024, up 4.1% from last year, and the median price per square foot was $33.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $17.5K | -73.1% |
| 2 Bedrooms | $35K | $26K | -25.7% |
| 3 Bedrooms | $49.5K | $45.9K | -7.2% |
| 4 Bedrooms | $79.5K | $68K | -14.5% |
| 5+ Bedrooms | $159K | $129K | -18.9% |
Summary: 71109 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.1%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 18.9%.
Housing Supply in 71109, LA
How many homes are available in 71109, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 76 | +2.7% |
Summary: The 71109 real estate market had 76 homes for sale in November 2024, a 2.7% 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 | 21 | 22 | +4.8% |
| 3 Bedrooms | 42 | 42 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71109 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 4.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71109, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 71109 in November 2024, up by 71.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for 71109, LA
We’re sorry, we don't have information for this market at the moment
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