$2,849 Closing Credit*
$239,900
1,860 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tracy Thomas, Listing Office: Century 21 United
Is South Broadmoor, 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, South Broadmoor was a Seller's Market.
Key Takeaway
South Broadmoor 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 South Broadmoor, LA
How much do homes in South Broadmoor, LA cost?
Median Sold Price
$194,999
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-4.9%)
Key Takeaway
Homes in South Broadmoor have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in South Broadmoor was $194,999 in October 2024, down 4.9% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.9K | - | N/A |
| 2 Bedrooms | $125K | $129.9K | +3.9% |
| 3 Bedrooms | $218K | $214K | -1.8% |
| 4 Bedrooms | $390K | $278K | -28.7% |
| 5+ Bedrooms | $426.5K | $465K | +9.0% |
Summary: South Broadmoor 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 3.9%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 28.7%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
| Shreve Island | $192.5K | $197.5K | +2.6% |
| Broadmoor | $193.3K | $186.4K | -3.6% |
| South Broadmoor | $205K | $194.9K | -4.9% |
| Huckleberry Ridge | $397.4K | $376.2K | -5.3% |
Housing Supply in South Broadmoor, LA
How many homes are available in South Broadmoor, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 63 | +14.5% |
Summary: The South Broadmoor real estate market had 63 homes for sale in October 2024, a 14.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 34 | 41 | +20.6% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The South Broadmoor 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 12.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Broadmoor, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in South Broadmoor in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for South Broadmoor, LA
We’re sorry, we don't have information for this market at the moment
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