$2,785 Closing Credit*
$234,500
2,027 SqFt
4 Beds
•2 Full Baths
Victoria Pickard, Listing Office: Berkshire Hathaway HomeServices Ally Real Estate
Is 71118, 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, 71118 has remained a Seller's Market.
Key Takeaway
71118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 71118, LA
How much do homes in 71118, LA cost?
Median Sold Price
$172,100
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$600(+0.3%)
Key Takeaway
The sold price of homes in 71118 has remained the same since last year.
Summary: The median home sold price in 71118 was $172,100 in November 2024, up 0.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77.5K | N/A |
| 2 Bedrooms | $140K | $140K | 0.0% |
| 3 Bedrooms | $161K | $161K | 0.0% |
| 4 Bedrooms | $211K | $234K | +10.9% |
| 5+ Bedrooms | $300K | $299.7K | -0.1% |
Summary: 71118 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 71118, LA
How many homes are available in 71118, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 98 | -5.8% |
Summary: The 71118 real estate market had 98 homes for sale in November 2024, a 5.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 70 | 68 | -2.9% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71118 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 44.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71118, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 71118 in November 2024, down by 21.7% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 71118, LA
We’re sorry, we don't have information for this market at the moment
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