70448 Housing Market Report February 2025Saint Tammany County, Louisiana

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Housing Prices in 70448, LA

How much do homes in 70448, LA cost?

Housing Market Conditions

Is 70448, 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

70448 is a Neutral Market

Difference Since February 2024

At the same time last year, 70448 was a Seller's Market.

Insight

70448 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$343,383$176/SqFt
+$18,383
+5.7%

Based on all homes sold in the last 12 months

Insight

Homes in 70448 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 70448 was $343,383 in February 2025, up 5.7% from last year, and the median price per square foot was $176.

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
70445
+8.9%
70448
+5.7%
70471
+1.5%

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$299.2K$300K
0.3%
2$198K$200K
+1.0%
3$269K$271K
+0.7%
4$420K$399K
-5.0%
5$605K$650K
+7.4%

Summary: 70448 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by 0.3%. The home price for 2 bedroom homes increased by +1.0%. The home price for 3 bedroom homes increased by +0.7%. The home price for 4 bedroom homes decreased by -5.0%. The home price for 5 bedroom homes increased by +7.4%.

Housing supply in 70448, LA

How many homes are available in 70448, 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
162Last MonthFeb 2025
1532 months agoJan 2025
+5.9 %
Change MoMJan – Feb

Summary: The 70448 real estate market had 162 homes for sale in Feb 2025, a 5.9 % 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
26Last MonthFeb 2025
242 months agoJan 2025
+8.3 %
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
112
+100.0%
2710
+42.9%
36466
+3.1%
46370
+11.1%
51814
-22.2%

Summary: 70448 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 increased by +42.9%. The inventory for 3 bedroom homes increased by +3.1%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes decreased by -22.2%.

Asking Price vs. Sold Price

How much do homes in 70448, 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 Price2 Homes

At Asking Price5 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in 70448, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 70448 in February 2025, up by 8.3% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and and 8% were sold over asking.

Days on Market for 70448, LA

How long does it take to sell a home in 70448, LA?

Breakdown of Home Sale Times

Under 30 Days13 Homes

30 – 90 Days4 Homes

Over 90 Days9 Homes

Insight

Many homes in 70448 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 26 homes were sold in 70448; 50% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 35% 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
75 DaysThis YearFeb 2025
48 Days1 year agoFeb 2024
+55.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 70448 had an average listing age of 75 days in Feb 2025, up by 55.4% compared to the previous year.

Newest Listings in 70448, LA

What homes are available in 70448, LA?

Nearby markets

MLS Disclaimers and Copyright

Based on information from ROAM MLS, 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: 3/2/2025, 4:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.