$689 Closing Credit*
$58,000
1,440 SqFt
3 Beds
•2 Full Baths
Lisa Nicholson, Listing Office: Keller Williams Northwest
Is 71109, 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, 71109 was a Neutral Market.
Key Takeaway
71109 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71109, LA
How much do homes in 71109, LA cost?
Median Sold Price
$41,000
$33/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$287(+0.7%)
Key Takeaway
Homes in 71109 have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in 71109 was $41,000 in October 2024, up 0.7% from last year, and the median price per square foot was $33.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $17.5K | -73.1% |
| 2 Bedrooms | $35K | $25K | -28.6% |
| 3 Bedrooms | $45.1K | $48.7K | +7.9% |
| 4 Bedrooms | $79.5K | $68K | -14.5% |
| 5+ Bedrooms | $159K | $140K | -11.9% |
Summary: 71109 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.1%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in 71109, LA
How many homes are available in 71109, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 76 | -5.0% |
Summary: The 71109 real estate market had 76 homes for sale in October 2024, a 5.0% decrease 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 | 23 | 21 | -8.7% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 71109 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 decreased by 8.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71109, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 71109 in October 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% 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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