$3,147 Closing Credit*
$265,000
1,792 SqFt
4 Beds
•2 Full Baths
Brandi Smith, Listing Office: East Bank Real Estate
Is 71112, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$205,833
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,883(+8.4%)
Key Takeaway
Homes in 71112 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 71112 was $205,833 in October 2024, up 8.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $117.2K | $100K | -14.7% |
| 3 Bedrooms | $191K | $203K | +6.3% |
| 4 Bedrooms | $207K | $256K | +23.7% |
| 5+ Bedrooms | $378.2K | $387.4K | +2.4% |
Summary: 71112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 71112, LA
How many homes are available in 71112, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 134 | +24.1% |
Summary: The 71112 real estate market had 134 homes for sale in October 2024, a 24.1% 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 | 8 | 13 | +62.5% |
| 3 Bedrooms | 79 | 88 | +11.4% |
| 4 Bedrooms | 20 | 30 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 71112 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 increased by 62.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 31 | +34.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71112, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 71112 in October 2024, up by 34.8% month-over-month. Of the 31 sold homes, 48% were sold under asking, 42% were sold at asking, and 10% 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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