$3,205 Closing Credit*
$269,900
1,622 SqFt
3 Beds
•2 Full Baths
Micah Brant, Listing Office: Keller Williams Northwest
Is 71112, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 71112 has remained a Seller's Market.
Key Takeaway
71112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71112, LA
How much do homes in 71112, LA cost?
Median Sold Price
$205,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,912(+9.6%)
Key Takeaway
Homes in 71112 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 71112 was $205,000 in November 2024, up 9.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $35K | -73.1% |
| 2 Bedrooms | $117K | $100K | -14.5% |
| 3 Bedrooms | $189K | $199.9K | +5.8% |
| 4 Bedrooms | $207K | $259.5K | +25.4% |
| 5+ Bedrooms | $425K | $375K | -11.8% |
Summary: 71112 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 14.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in 71112, LA
How many homes are available in 71112, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 136 | 128 | -5.9% |
Summary: The 71112 real estate market had 128 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 88 | 79 | -10.2% |
| 4 Bedrooms | 33 | 38 | +15.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71112 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 decreased by 33.3%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71112, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 71112 in November 2024, down by 6.5% month-over-month. Of the 29 sold homes, 52% were sold under asking, 41% were sold at asking, and 7% were sold over asking.
Days on Market for 71112, LA
We’re sorry, we don't have information for this market at the moment
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