$249,900
0.66 Acres
Land
Andy Osborn, Emily Hays, Listing Office: Osborn Hays Real Estate, LLC
Is 71115, 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, 71115 has remained a Seller's Market.
Key Takeaway
71115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71115, LA
How much do homes in 71115, LA cost?
Median Sold Price
$258,900
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,900(+12.6%)
Key Takeaway
Homes in 71115 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 71115 was $258,900 in November 2024, up 12.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.9K | - | N/A |
| 2 Bedrooms | $125K | $129.9K | +3.9% |
| 3 Bedrooms | $230K | $238K | +3.5% |
| 4 Bedrooms | $354K | $380K | +7.3% |
| 5+ Bedrooms | $462K | $505K | +9.3% |
Summary: 71115 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 71115, LA
How many homes are available in 71115, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 94 | -6.9% |
Summary: The 71115 real estate market had 94 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 30 | 25 | -16.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 71115 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Asking Price vs. Sold Price
13 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 71115, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 71115 in November 2024, down by 38.5% month-over-month. Of the 16 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.
Days on Market for 71115, LA
We’re sorry, we don't have information for this market at the moment
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