$3,205 Closing Credit*
$269,900
2,165 SqFt
4 Beds
•2 Full Baths
Pamela Pero, Listing Office: Diamond Realty & Associates
Is Town South, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Town South was a Buyer'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
$274,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+6.2%)
Key Takeaway
Homes in Town South have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Town South was $274,000 in November 2024, up 6.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $139K | -0.7% |
| 3 Bedrooms | $239.5K | $249.2K | +4.1% |
| 4 Bedrooms | $278.5K | $305K | +9.5% |
| 5+ Bedrooms | $390K | $320K | -17.9% |
Summary: Town South 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 decreased by 0.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Spring Lake | $310K | $366.2K | +18.1% |
| Town South | $258K | $274K | +6.2% |
| Broadmoor | $193.1K | $184.9K | -4.3% |
| South Broadmoor | $207.4K | $195K | -6.0% |
Housing Supply in Town South, LA
How many homes are available in Town South, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Summary: The Town South real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 19 | 12 | -36.8% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Town South 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Town South in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% 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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