Is Sunset Acres, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Acres is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sunset Acres was a Seller's Market.

Key Takeaway

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

Housing Prices in Sunset Acres, LA

How much do homes in Sunset Acres, LA cost?

Median Sold Price

$42,000

$40/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,255(-19.6%)

Key Takeaway

Homes in Sunset Acres have sold for 19.6% less than they did a year ago.

Summary: The median home sold price in Sunset Acres was $42,000 in November 2024, down 19.6% from last year, and the median price per square foot was $40.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $40K$46.5K
+16.3%
3 $55.7K$41K
-26.5%
4 $64.7K$32K
-50.6%
5+ $102.5K$117.5K
+14.5%

Summary: Sunset Acres 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 16.3%, 3 bedroom homes decreased by 26.5%, 4 bedroom homes decreased by 50.6%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Neighborhoods

Mooretown
+27.0%
Sunset Acres
-19.6%
Werner Park
-31.8%

Housing Supply in Sunset Acres, LA

How many homes are available in Sunset Acres, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2628+7.7%

Summary: The Sunset Acres real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 1515
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Sunset Acres 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 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was 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 Sunset Acres, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sunset Acres in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Sunset Acres, 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 18 Days Ago

Newest Listings in Sunset Acres, LA

Nearby Markets to Sunset Acres, LA