$10,000 Closing Credit*
$850,000
1,312 SqFt
1 Bed
•2 Full Baths, 1 Partial
Ronna Beecher, Listing Office: Pinnacle Realty Advisors
Is 71119, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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 November 2023
-$8,550(-4.3%)
Key Takeaway
Homes in 71119 have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in 71119 was $192,450 in November 2024, down 4.3% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $59K | N/A |
| 2 Bedrooms | $121K | $138.5K | +14.5% |
| 3 Bedrooms | $189K | $169.9K | -10.1% |
| 4 Bedrooms | $220K | $250K | +13.6% |
| 5+ Bedrooms | $274K | $241K | -12.0% |
Summary: 71119 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 14.5%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 13.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 74 | +10.4% |
Summary: The 71119 real estate market had 74 homes for sale in November 2024, a 10.4% increase 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 35 | 39 | +11.4% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 71119 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 increased by 40%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 71119, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 71119 in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% 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
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.