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City / Town Overview

New Orleans, LA

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

Market Analysis

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

The New Orleans, LA real estate market currently shows 2,468 active listings, with 450 pending sales. Homes are averaging 74.9 days on the market before going under contract.

Inventory has tightened compared to last year, with 36 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 74.9 days on market compared to 78 days last year.

The median listing price has fallen 10% year-over-year, from $383,258 to $345,070.

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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, 70118, 70119, 70121, 70122, 70123, 70124, 70126, 70128

Uptown: 70115, 70154

French Quarter: 70139, 70163

Tremé: 70116

Broadmoor: 70125

Read Blvd East: 70127

Camp Leroy Johnson: 70146

Milneburg: 70148

Area Map

Market Overview

Active Listings
2,468
⇩ 1.4% vs 2,504 last year
Pending
450
18% pending ratio
Median Price
$345,070
⇩ 10% vs $383,258 last year
Average Price
$465,952
⇩ 10.8% vs $522,212 last year
Days on Market
74.9
⇩ 4% vs 78 days last year

Price Per Square Foot

Median $/sqft
$243
⇩ 0.8% vs $245/sqft last year
Median Home Size
1,606 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 %