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Audubon (University) East Riverside Freret Garden District Irish Channel Magnolia (Central City) Milan Touro Uptown West Riverside

NEW ORLEANS, LA 70115

Real Estate Market Report  ·  Orleans County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 70115

Audubon (University) · East Riverside · Freret · Garden District · Irish Channel · Magnolia (Central City) · Milan · Touro · Uptown · West Riverside

Market Analysis

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

The NEW ORLEANS, LA real estate market (70115) currently shows 185 active listings, with 53 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 64 days on market compared to 67 days last year.

The median listing price has fallen 16.4% year-over-year, from $580,000 to $485,000.

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: 33,069  ·  Density: 3,319.5/mi²  ·  Median household income: $91,672

Typical home value: $583,657  ·  Homeownership: 55.6%

Market Overview

Active Listings
185
⇩ 1.1% vs 187 last year
Pending
53
29% pending ratio
Median Price
$485,000
⇩ 16.4% vs $580,000 last year
Average Price
$675,338
⇩ 13.6% vs $781,758 last year
Days on Market
64
⇩ 4.5% vs 67 days last year

Price Per Square Foot

Median $/sqft
$328
⇧ 2.2% vs $321/sqft last year
Median Home Size
1,717 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 185 this year vs 187 last year
  • Days on market: 64 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $485,000 (-16.4% YoY)
  • Average: $675,338 (-13.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.2 miles — 1,660 listings ($727,899,796 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70115New Orleans, LA 701150.0 mi173$112,913,640$478,625$652,680
70125New Orleans, LA 701252.0 mi72$25,148,952$325,000$349,291
70130New Orleans, LA 701302.2 mi201$141,894,141$385,000$705,941
70053Gretna, LA 700533.0 mi63$16,952,292$261,950$269,084
70116New Orleans, LA 701163.7 mi196$114,513,000$395,000$584,250
70058Harvey, LA 700584.3 mi109$28,673,976$239,925$263,064
70056Gretna, LA 700564.9 mi123$34,132,254$244,925$277,498
70117New Orleans, LA 701175.3 mi173$52,137,875$242,500$301,375
70001Metairie, LA 700015.7 mi155$75,788,180$328,500$488,956
70122New Orleans, LA 701226.3 mi178$58,080,866$284,700$326,297
70094Westwego, LA 700946.4 mi94$24,641,254$194,475$262,141
70032Arabi, LA 700326.6 mi60$19,053,000$318,000$317,550
70006Metairie, LA 700068.2 mi63$23,970,366$350,000$380,482

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70115?

As of March 2026, there are 185 active listings in NEW ORLEANS, LA (zip code 70115), compared to 187 the prior year.

What is the median home price in NEW ORLEANS, LA 70115?

The median listing price in NEW ORLEANS, LA 70115 is $485,000 as of March 2026, a 16.4% decrease from $580,000 the prior year.

How long do homes stay on the market in NEW ORLEANS, LA?

Homes in NEW ORLEANS, LA 70115 spend an average of 64 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70115?

Based on current inventory and days-on-market data as of March 2026, NEW ORLEANS, LA 70115 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 64 days on market compared to 67 days last year.

How much can I save on real estate commission in NEW ORLEANS, LA?

With SELL123.com's maximum 3% commission, sellers in NEW ORLEANS, LA 70115 save an estimated $9,700 compared to a typical 5% commission on the median listing price of $485,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.