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Audubon (University) Black Pearl Dixon East Carrollton Hollygrove Marlyville (Fontainbleau) West Carrollton (Leonidas) West Riverside Zion City (Gerrtown)

NEW ORLEANS, LA 70118

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 70118

Audubon (University) · Black Pearl · Dixon · East Carrollton · Hollygrove · Marlyville (Fontainbleau) · West Carrollton (Leonidas) · West Riverside · Zion City (Gerrtown)

Market Analysis

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

The NEW ORLEANS, LA real estate market (70118) currently shows 162 active listings, with 35 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 84 days on market compared to 74 days last year.

The median listing price has fallen 18.9% year-over-year, from $450,000 to $365,000.

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: 36,800  ·  Density: 3,072.2/mi²  ·  Median household income: $60,636

Typical home value: $419,701  ·  Homeownership: 50.3%

Market Overview

Active Listings
162
⇩ 8.5% vs 177 last year
Pending
35
22% pending ratio
Median Price
$365,000
⇩ 18.9% vs $450,000 last year
Average Price
$532,768
⇩ 30.3% vs $764,315 last year
Days on Market
84
⇧ 13.5% vs 74 days last year

Price Per Square Foot

Median $/sqft
$251
⇩ 7% vs $270/sqft last year
Median Home Size
1,583 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 162 this year vs 177 last year
  • Days on market: 84 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $365,000 (-18.9% YoY)
  • Average: $532,768 (-30.3% 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 7.8 miles — 1,548 listings ($696,294,646 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70118New Orleans, LA 701180.0 mi152$75,564,976$375,000$497,138
70115New Orleans, LA 701152.0 mi173$112,913,640$478,625$652,680
70113New Orleans, LA 701132.5 mi58$26,386,984$317,500$454,948
70119New Orleans, LA 701193.1 mi139$57,954,799$324,750$416,941
70001Metairie, LA 700013.7 mi155$75,788,180$328,500$488,956
70116New Orleans, LA 701164.0 mi196$114,513,000$395,000$584,250
70123New Orleans, LA 701234.8 mi125$56,900,500$338,675$455,204
70002Metairie, LA 700025.0 mi88$39,765,440$387,450$451,880
70114New Orleans, LA 701145.6 mi117$35,758,827$262,000$305,631
70117New Orleans, LA 701176.0 mi173$52,137,875$242,500$301,375
70058Harvey, LA 700586.3 mi109$28,673,976$239,925$263,064
70174New Orleans, LA 701746.6 mi3$883,449$283,150$294,483
70032Arabi, LA 700327.8 mi60$19,053,000$318,000$317,550

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70118?

As of March 2026, there are 162 active listings in NEW ORLEANS, LA (zip code 70118), compared to 177 the prior year.

What is the median home price in NEW ORLEANS, LA 70118?

The median listing price in NEW ORLEANS, LA 70118 is $365,000 as of March 2026, a 18.9% decrease from $450,000 the prior year.

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

Homes in NEW ORLEANS, LA 70118 spend an average of 84 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70118?

Based on current inventory and days-on-market data as of March 2026, NEW ORLEANS, LA 70118 is currently a Balanced Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 84 days on market compared to 74 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 70118 save an estimated $7,300 compared to a typical 5% commission on the median listing price of $365,000. 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.