Is 71129, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 71129 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 71129 has remained a Buyer's Market.

Key Takeaway

71129 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 71129, LA

How much do homes in 71129, LA cost?

Median Sold Price

$239,900

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,200(+16.6%)

Key Takeaway

Homes in 71129 have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in 71129 was $239,900 in October 2024, up 16.6% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $66.2K$80.5K
+21.5%
2 $77.5K$142.9K
+84.5%
3 $218K$204K
-6.4%
4 $289.2K$307.3K
+6.3%
5+ $464.9K$590K
+26.9%

Summary: 71129 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 84.5%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 26.9%.

Median Sold Price Compared To Nearby Zip Codes

71129
+16.6%
71047
+4.1%
71118
-1.9%

Housing Supply in 71129, LA

How many homes are available in 71129, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2730+11.1%

Summary: The 71129 real estate market had 30 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 2122
+4.8%
4 35
+66.7%
5+ 12
+100.0%

Summary: The 71129 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 71129, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 71129 in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 71129, LA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 71129, LA

Nearby Markets to 71129, LA