Is Cargill Park, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cargill Park is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Cargill Park was a Neutral Market.

Key Takeaway

Cargill Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cargill Park, LA

How much do homes in Cargill Park, LA cost?

Median Sold Price

$170,000

$101/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,000(+17.2%)

Key Takeaway

Homes in Cargill Park have sold for 17.2% more than they did a month ago.

Summary: The median home sold price in Cargill Park was $170,000 in November 2024, up 17.2% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $159K-
N/A
3 $131.5K$168.5K
+28.1%
4 -$182.5K
N/A
5+ --
N/A

Summary: Cargill Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 28.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Brookwood
+109.2%
Cargill Park
+17.2%
Garden Valley
-44.0%

Housing Supply in Cargill Park, LA

How many homes are available in Cargill Park, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2728+3.7%

Summary: The Cargill Park real estate market had 28 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 2224
+9.1%
4 23
+50.0%
5+ 00
0.0%

Summary: The Cargill Park 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 66.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cargill Park, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Cargill Park in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Cargill Park, 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 17 Days Ago

Newest Listings in Cargill Park, LA

Nearby Markets to Cargill Park, LA