$487,872
1.60 Acres
Land
Van Ferguson, Listing Office: Diamond Realty & Associates
Is 71111, 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, 71111 was a Seller's Market.
Key Takeaway
71111 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 71111, LA
How much do homes in 71111, LA cost?
Median Sold Price
$272,413
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,218(-1.9%)
Key Takeaway
Homes in 71111 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 71111 was $272,413 in November 2024, down 1.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.5K | $110K | +3.3% |
| 2 Bedrooms | $115.5K | $165K | +42.9% |
| 3 Bedrooms | $249.9K | $244.8K | -2.0% |
| 4 Bedrooms | $351K | $335K | -4.6% |
| 5+ Bedrooms | $515K | $485K | -5.8% |
Summary: 71111 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 71111, LA
How many homes are available in 71111, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 226 | 230 | +1.8% |
Summary: The 71111 real estate market had 230 homes for sale in November 2024, a 1.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 113 | 107 | -5.3% |
| 4 Bedrooms | 84 | 89 | +6.0% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 71111 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71111, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 71111 in November 2024, up by 2.7% month-over-month. Of the 38 sold homes, 53% were sold under asking, 39% were sold at asking, and 8% were sold over asking.
Days on Market for 71111, LA
We’re sorry, we don't have information for this market at the moment
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