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Bywater Florida Area Florida Project Holy Cross Lower Ninth Ward Marigny St Claude St Roch

NEW ORLEANS, LA 70117

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

Neighborhoods in ZIP 70117

Bywater · Florida Area · Florida Project · Holy Cross · Lower Ninth Ward · Marigny · St Claude · St Roch

Market Analysis

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

The NEW ORLEANS, LA real estate market (70117) currently shows 176 active listings, with 21 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has tightened compared to last year, with 27 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 72 days on market compared to 85 days last year.

The median listing price has fallen 18% year-over-year, from $292,500 to $239,925.

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: 25,888  ·  Density: 1,815.9/mi²  ·  Median household income: $37,472

Typical home value: $249,874  ·  Homeownership: 47.3%

Market Overview

Active Listings
176
⇩ 13.3% vs 203 last year
Pending
21
12% pending ratio
Median Price
$239,925
⇩ 18% vs $292,500 last year
Average Price
$291,005
⇩ 23.5% vs $380,436 last year
Days on Market
72
⇩ 15.3% vs 85 days last year

Price Per Square Foot

Median $/sqft
$175
⇩ 11.6% vs $198/sqft last year
Median Home Size
1,423 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 176 this year vs 203 last year
  • Days on market: 72 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $239,925 (-18% YoY)
  • Average: $291,005 (-23.5% 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 7.7 miles — 1,525 listings ($681,857,813 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70117New Orleans, LA 701170.0 mi173$52,137,875$242,500$301,375
70114New Orleans, LA 701142.2 mi117$35,758,827$262,000$305,631
70112New Orleans, LA 701123.0 mi55$33,645,370$375,000$611,734
70130New Orleans, LA 701303.2 mi201$141,894,141$385,000$705,941
70119New Orleans, LA 701193.5 mi139$57,954,799$324,750$416,941
70113New Orleans, LA 701133.7 mi58$26,386,984$317,500$454,948
70043Chalmette, LA 700434.0 mi118$31,639,576$261,238$268,132
70124New Orleans, LA 701245.2 mi169$112,589,321$571,975$666,209
70127New Orleans, LA 701275.3 mi61$12,035,727$186,875$197,307
70131New Orleans, LA 701315.9 mi124$43,325,104$254,900$349,396
70005Metairie, LA 700056.6 mi121$79,133,153$467,500$653,993
70058Harvey, LA 700587.2 mi109$28,673,976$239,925$263,064
70121New Orleans, LA 701217.7 mi80$26,682,960$317,500$333,537

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70117?

As of March 2026, there are 176 active listings in NEW ORLEANS, LA (zip code 70117), compared to 203 the prior year.

What is the median home price in NEW ORLEANS, LA 70117?

The median listing price in NEW ORLEANS, LA 70117 is $239,925 as of March 2026, a 18% decrease from $292,500 the prior year.

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

Homes in NEW ORLEANS, LA 70117 spend an average of 72 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70117?

Based on current inventory and days-on-market data as of March 2026, NEW ORLEANS, LA 70117 is currently a Seller's Market. Inventory has tightened compared to last year, with 27 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 72 days on market compared to 85 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 70117 save an estimated $4,799 compared to a typical 5% commission on the median listing price of $239,925. 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.