70427 Housing Market Report February 2025•Washington County, Louisiana

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Housing Prices in 70427, LA

How much do homes in 70427, LA cost?

Housing Market Conditions

Is 70427, LA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

70427 is a Buyer's Market

Difference Since February 2024

At the same time last year, 70427 was a Seller's Market.

Insight

70427 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$133,325$73/SqFt
-$1,675
-1.2%

Based on all homes sold in the last 12 months

Insight

Homes in 70427 have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in 70427 was $133,325 in February 2025, down 1.2% from last year, and the median price per square foot was $73.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
70427
-1.2%
70431
-18.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$60K$79K
+31.7%
3$135.2K$148K
+9.4%
4$222K$145K
-34.7%
5$150K$36.5K
-75.7%

Summary: 70427 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +31.7%. The home price for 3 bedroom homes increased by +9.4%. The home price for 4 bedroom homes decreased by -34.7%. The home price for 5 bedroom homes decreased by -75.7%.

Housing supply in 70427, LA

How many homes are available in 70427, LA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
59Last MonthFeb 2025
562 months agoJan 2025
+5.4 %
Change MoMJan – Feb

Summary: The 70427 real estate market had 59 homes for sale in Feb 2025, a 5.4 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
82 months agoJan 2025
-62.5 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
101
+100.0%
21110
-9.1%
33035
+16.7%
4109
-10.0%
554
-20.0%

Summary: 70427 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -9.1%. The inventory for 3 bedroom homes increased by +16.7%. The inventory for 4 bedroom homes decreased by -10.0%. The inventory for 5 bedroom homes decreased by -20.0%.

Asking Price vs. Sold Price

How much do homes in 70427, LA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in 70427, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 70427 in February 2025, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and and 33% were sold over asking.

Days on Market for 70427, LA

How long does it take to sell a home in 70427, LA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in 70427 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 3 homes were sold in 70427; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
51 DaysThis YearFeb 2025
81 Days1 year agoFeb 2024
-37.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 70427 had an average listing age of 51 days in Feb 2025, down by 37.0% compared to the previous year.

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Newest Listings in 70427, LA

What homes are available in 70427, LA?

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Based on information from ROAM MLS, and MLS United for the period 03/01/2023 - 03/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.