$4,026 Closing Credit*
$339,000
1,952 SqFt
3 Beds
•2 Full Baths
Tammi Montgomery, Listing Office: RE/MAX Real Estate Services
Is Town South, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Town South has remained a Seller's Market.
Key Takeaway
Town South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Town South, LA
How much do homes in Town South, LA cost?
Median Sold Price
$305,000
$113/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$38,000(+14.2%)
Key Takeaway
Homes in Town South have sold for 14.2% more than they did a month ago.
Summary: The median home sold price in Town South was $305,000 in October 2024, up 14.2% from last month, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $256.7K | $284.5K | +10.8% |
| 4 Bedrooms | $302.5K | $305K | +0.8% |
| 5+ Bedrooms | - | $295K | N/A |
Summary: Town South housing prices by bedroom type for October 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 10.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.
Housing Supply in Town South, LA
How many homes are available in Town South, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Town South real estate market had 32 homes for sale in October 2024, a 3.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Town South 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
8 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 Town South, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Town South in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Town South, LA
We’re sorry, we don't have information for this market at the moment
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