$2,968 Closing Credit*
$249,900
1,707 SqFt
3 Beds
•1 Full Bath
Opha Phillips, Dianne Gibson, Listing Office: East Bank Real Estate
Is 71119, 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, 71119 was a Seller's Market.
Key Takeaway
71119 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 71119, LA
How much do homes in 71119, LA cost?
Median Sold Price
$192,450
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,450(-3.7%)
Key Takeaway
Homes in 71119 have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in 71119 was $192,450 in October 2024, down 3.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $59K | N/A |
| 2 Bedrooms | $121K | $136.2K | +12.6% |
| 3 Bedrooms | $189K | $174.9K | -7.5% |
| 4 Bedrooms | $224K | $235K | +4.9% |
| 5+ Bedrooms | $274K | $241K | -12.0% |
Summary: 71119 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 increased by 12.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 12%.
Housing Supply in 71119, LA
How many homes are available in 71119, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 70 | +9.4% |
Summary: The 71119 real estate market had 70 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 71119 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71119, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 71119 in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 71119, LA
We’re sorry, we don't have information for this market at the moment
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