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NEW ORLEANS, LA 70121

Real Estate Market Report  ·  Jefferson County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW ORLEANS, LA real estate market (70121) currently shows 84 active listings, with 17 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 55 days last year.

The median listing price has fallen 6.5% year-over-year, from $310,875 to $290,750.

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: 10,956  ·  Density: 1,290.9/mi²  ·  Median household income: $56,378

Typical home value: $232,053  ·  Homeownership: 55.2%

Market Overview

Active Listings
84
⇧ 15.1% vs 73 last year
Pending
17
20% pending ratio
Median Price
$290,750
⇩ 6.5% vs $310,875 last year
Average Price
$326,576
⇩ 5.3% vs $344,869 last year
Days on Market
62
⇧ 12.7% vs 55 days last year

Price Per Square Foot

Median $/sqft
$185
⇩ 13.6% vs $214/sqft last year
Median Home Size
1,559 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 84 this year vs 73 last year
  • Days on market: 62 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $290,750 (-6.5% YoY)
  • Average: $326,576 (-5.3% 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 8.3 miles — 1,788 listings ($792,737,507 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70121New Orleans, LA 701210.0 mi80$26,682,960$317,500$333,537
70118New Orleans, LA 701182.3 mi152$75,564,976$375,000$497,138
70005Metairie, LA 700053.1 mi121$79,133,153$467,500$653,993
70002Metairie, LA 700023.4 mi88$39,765,440$387,450$451,880
70003Metairie, LA 700034.2 mi165$54,554,610$299,000$330,634
70119New Orleans, LA 701194.4 mi139$57,954,799$324,750$416,941
70124New Orleans, LA 701244.6 mi169$112,589,321$571,975$666,209
70112New Orleans, LA 701124.9 mi55$33,645,370$375,000$611,734
70116New Orleans, LA 701165.7 mi196$114,513,000$395,000$584,250
70122New Orleans, LA 701226.5 mi178$58,080,866$284,700$326,297
70065Kenner, LA 700657.3 mi219$75,820,209$272,500$346,211
70114New Orleans, LA 701147.8 mi117$35,758,827$262,000$305,631
70058Harvey, LA 700588.3 mi109$28,673,976$239,925$263,064

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70121?

As of April 2026, there are 84 active listings in NEW ORLEANS, LA (zip code 70121), compared to 73 the prior year.

What is the median home price in NEW ORLEANS, LA 70121?

The median listing price in NEW ORLEANS, LA 70121 is $290,750 as of April 2026, a 6.5% decrease from $310,875 the prior year.

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

Homes in NEW ORLEANS, LA 70121 spend an average of 62 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70121?

Based on current inventory and days-on-market data as of April 2026, NEW ORLEANS, LA 70121 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 55 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 70121 save an estimated $5,815 compared to a typical 5% commission on the median listing price of $290,750. 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.