New - 1 day on Rocket
$1,520 Closing Credit¹
Samuel Benson, Listing Office: 1 Percent Lists
70427 Housing Market Report December 2024•Washington County, Louisiana
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?
Seller'sMarket
Buyer'sMarket
70427 is a Buyer's Market
Difference Since December 2023
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
$133,650$81/SqFt
-$350
-0.3%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in 70427 has remained the same since last year.
Summary: The median home sold price in 70427 was $133,650 in December 2024, down 0.3% from last year, and the median price per square foot was $81.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 70427 | $134K | $133.6K | -0.3% |
| 70431 | $377.5K | $275K | -27.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $65K | $76.5K | +17.7% |
| 33 Bedrooms | $135K | $150.5K | +11.5% |
| 44 Bedrooms | $206K | $145K | -29.6% |
| 55+ Bedrooms | $150K | $28K | -81.3% |
Summary: 70427 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +17.7%. The home price for 3 bedroom homes increased by +11.5%. The home price for 4 bedroom homes decreased by -29.6%. The home price for 5 bedroom homes decreased by -81.3%.
Housing supply in 70427, LA
How many homes are available in 70427, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 55Last MonthDec 2024 | ||
| 602 months agoNov 2024 | -8.3 % Change MoMNov – Dec |
Summary: The 70427 real estate market had 55 homes for sale in Dec 2024, a 8.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthDec 2024 | ||
| 112 months agoNov 2024 | -36.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 9 | 9 | 0.0% |
| 33 Bedrooms | 35 | 33 | -5.7% |
| 44 Bedrooms | 13 | 9 | -30.8% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: 70427 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -5.7%. The inventory for 4 bedroom homes decreased by -30.8%. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in 70427, LA cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in 70427, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 70427 in December 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and and 43% 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 Days3 Homes
Over 90 Days3 Homes
Insight
Avg time on Rocket Homes in 70427 has remained consistent over time.
Summary: During December 2024, 7 homes were sold in 70427; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 93 DaysThis YearDec 2024 | ||
| 43 Days1 year agoDec 2023 | +113.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 70427 had an average listing age of 93 days in Dec 2024, up by 113.8% compared to the previous year.
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Newest Listings in 70427, LA
What homes are available in 70427, LA?
New - 2 days on Rocket
Sara Sambola, Listing Office: Keller Williams Realty Services
Steve Scoggin, Listing Office: Scoggin Properties, Inc.
$1,366 Closing Credit¹
Kelli Goings, Listing Office: Goings Group Real Estate Services, Inc.
$2,363 Closing Credit¹
Kim Wagner, Listing Office: Downtown Realty
$356 Closing Credit¹
Aaron Jackson, Listing Office: Century 21 J. Carter & Company
$2,196 Closing Credit¹
Kim Wagner, Listing Office: Downtown Realty
$1,959 Closing Credit¹
Donna Molina, Listing Office: The Real Estate Company, LLC
$1,039 Closing Credit¹
Heather Seal, Listing Office: Downtown Realty
$297 Closing Credit¹
Mirranda Dunn, Listing Office: REACH Real Estate Solutions
$2,553 Closing Credit¹
Amanda Yates, Listing Office: Blue Heron Realty
$3,076 Closing Credit¹
Dena Willett, Listing Office: South Central Realty, LLC
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Based on information from ROAM MLS, for the period 01/01/2023 - 01/01/2025
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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: 1/30/2025, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.