$8,016 Closing Credit*
$675,000
3,890 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kendra Tatum, Listing Office: Pinnacle Realty Advisors
Is 71111, 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, 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
$274,166
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,539(-1.6%)
Key Takeaway
Homes in 71111 have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in 71111 was $274,166 in October 2024, down 1.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $110K | -1.8% |
| 2 Bedrooms | $102K | $162.4K | +59.3% |
| 3 Bedrooms | $253.2K | $242.9K | -4.1% |
| 4 Bedrooms | $350K | $339.5K | -3.0% |
| 5+ Bedrooms | $512.5K | $508.7K | -0.7% |
Summary: 71111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 59.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 71111, LA
How many homes are available in 71111, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 212 | 226 | +6.6% |
Summary: The 71111 real estate market had 226 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 105 | 114 | +8.6% |
| 4 Bedrooms | 79 | 83 | +5.1% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 71111 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 36 | -16.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 71111, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 71111 in October 2024, down by 16.3% month-over-month. Of the 36 sold homes, 61% were sold under asking, 36% were sold at asking, and 3% 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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