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 neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cargill Park was a Seller's Market.

Key Takeaway

Cargill Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cargill Park, LA

How much do homes in Cargill Park, LA cost?

Median Sold Price

$142,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,000(-2.1%)

Key Takeaway

Homes in Cargill Park have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Cargill Park was $142,000 in October 2024, down 2.1% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$68.7K
N/A
2 $136.5K$140K
+2.6%
3 $147.4K$140K
-5.1%
4 $148.5K$179K
+20.5%
5+ $300K$288.5K
-3.8%

Summary: Cargill Park 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 2.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Neighborhoods

Garden Valley
+24.3%
Cargill Park
-2.1%

Housing Supply in Cargill Park, LA

How many homes are available in Cargill Park, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2928-3.4%

Summary: The Cargill Park real estate market had 28 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 2223
+4.5%
4 22
0.0%
5+ 00
0.0%

Summary: The Cargill Park 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 decreased by 40%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Cargill Park in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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