$3,563 Closing Credit*
$300,000
1,943 SqFt
3 Beds
•2 Full Baths
Shelly Wagner, Kimberly Head, Listing Office: Shelly Wagner & Associates + JPAR Real Estate
Is Wallace Lake Heights, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Wallace Lake Heights was a Buyer's Market.
Key Takeaway
Wallace Lake Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wallace Lake Heights, LA
How much do homes in Wallace Lake Heights, LA cost?
Median Sold Price
$358,605
$135/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$56,105(+18.5%)
Key Takeaway
Homes in Wallace Lake Heights have sold for 18.5% more than they did a month ago.
Summary: The median home sold price in Wallace Lake Heights was $358,605 in November 2024, up 18.5% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $260K | $275K | +5.8% |
| 4 Bedrooms | $345K | $305K | -11.6% |
| 5+ Bedrooms | - | $364.7K | N/A |
Summary: Wallace Lake Heights housing prices by bedroom type for November 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 5.8%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes did not change.
Housing Supply in Wallace Lake Heights, LA
How many homes are available in Wallace Lake Heights, LA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Wallace Lake Heights real estate market had 21 homes for sale in November 2024, a 4.5% 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 | 7 | 6 | -14.3% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Wallace Lake Heights 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 decreased by 14.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 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 Wallace Lake Heights, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Wallace Lake Heights in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Wallace Lake Heights, LA
We’re sorry, we don't have information for this market at the moment
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