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NEW ORLEANS, LA 70123

Real Estate Market Report  ·  Jefferson County
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW ORLEANS, LA real estate market (70123) currently shows 138 active listings, with 30 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 55 days on market compared to 67 days last year.

The median listing price has fallen 2.6% year-over-year, from $385,000 to $374,925.

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: 27,633  ·  Density: 1,407.4/mi²  ·  Median household income: $78,415

Typical home value: $292,857  ·  Homeownership: 59.5%

Market Overview

Active Listings
138
⇩ 10.4% vs 154 last year
Pending
30
22% pending ratio
Median Price
$374,925
⇩ 2.6% vs $385,000 last year
Average Price
$496,519
⇧ 5.1% vs $472,421 last year
Days on Market
55
⇩ 17.9% vs 67 days last year

Price Per Square Foot

Median $/sqft
$199
⇧ 3.6% vs $192/sqft last year
Median Home Size
1,787 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 138 this year vs 154 last year
  • Days on market: 55 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $374,925 (-2.6% YoY)
  • Average: $496,519 (+5.1% 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 9.7 miles — 1,121 listings ($475,833,099 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70123New Orleans, LA 701230.0 mi125$56,900,500$338,675$455,204
70121New Orleans, LA 701212.8 mi80$26,682,960$317,500$333,537
70003Metairie, LA 700033.3 mi165$54,554,610$299,000$330,634
70006Metairie, LA 700064.4 mi63$23,970,366$350,000$380,482
70002Metairie, LA 700024.8 mi88$39,765,440$387,450$451,880
70031Ama, LA 700315.5 mi3$617,625$228,375$205,875
70125New Orleans, LA 701256.1 mi72$25,148,952$325,000$349,291
70087Saint Rose, LA 700876.8 mi11$2,458,060$239,000$223,460
70119New Orleans, LA 701197.2 mi139$57,954,799$324,750$416,941
70112New Orleans, LA 701127.7 mi55$33,645,370$375,000$611,734
70116New Orleans, LA 701168.5 mi196$114,513,000$395,000$584,250
70053Gretna, LA 700539.4 mi63$16,952,292$261,950$269,084
70047Destrehan, LA 700479.7 mi61$22,669,125$304,750$371,625

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70123?

As of June 2026, there are 138 active listings in NEW ORLEANS, LA (zip code 70123), compared to 154 the prior year.

What is the median home price in NEW ORLEANS, LA 70123?

The median listing price in NEW ORLEANS, LA 70123 is $374,925 as of June 2026, a 2.6% decrease from $385,000 the prior year.

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

Homes in NEW ORLEANS, LA 70123 spend an average of 55 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 70123?

Based on current inventory and days-on-market data as of June 2026, NEW ORLEANS, LA 70123 is currently a Seller's Market. Inventory has tightened compared to last year, with 16 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 55 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 70123 save an estimated $7,499 compared to a typical 5% commission on the median listing price of $374,925. 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.