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City / Town Overview

New Orleans, LA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The New Orleans, LA real estate market currently shows 2,566 active listings, with 511 pending sales. Homes are averaging 68.4 days on the market before going under contract.

Inventory has tightened compared to last year, with 137 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 68.4 days on market compared to 70.8 days last year.

The median listing price has fallen 8.2% year-over-year, from $381,430 to $350,072.

Whether you are buying or selling in New Orleans, LA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 418,997  ·  Density: 2,097.8/mi²  ·  Median household income: $56,475

Typical home value: $318,617  ·  Homeownership: 50.9%

Included Areas

New Orleans: 70112, 70113, 70114, 70117, 70121, 70123, 70124, 70126, 70128, 70129, 70130, 70131

Uptown: 70115, 70154

Tremé: 70116

Greenville: 70118

Faubourg St. John: 70119

Gentilly: 70122

Broadmoor: 70125

Read Blvd East: 70127

French Quarter: 70139

Camp Leroy Johnson: 70146

Milneburg: 70148

Area Map

Market Overview

Active Listings
2,566
⇩ 5.1% vs 2,703 last year
Pending
511
20% pending ratio
Median Price
$350,072
⇩ 8.2% vs $381,430 last year
Average Price
$467,033
⇩ 9.8% vs $517,639 last year
Days on Market
68.4
⇩ 3.4% vs 71 days last year

Price Per Square Foot

Median $/sqft
$241
⇩ 2.6% vs $247/sqft last year
Median Home Size
1,613 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %