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NEW ORLEANS, LA 70124

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

Neighborhoods in ZIP 70124

City Park · Lakeshore (Lake Vista) · Lakeshore East · Lakeshore West · Lakeview · Navarre · West End (Lakewood)

Market Analysis

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

The NEW ORLEANS, LA real estate market (70124) currently shows 188 active listings, with 44 pending sales. Homes are averaging 69 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 69 days on market compared to 70 days last year.

The median listing price has risen 1.8% year-over-year, from $565,000 to $575,000.

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: 20,212  ·  Density: 1,168.9/mi²  ·  Median household income: $113,525

Typical home value: $556,488  ·  Homeownership: 73.1%

Market Overview

Active Listings
188
⇩ 12.6% vs 215 last year
Pending
44
23% pending ratio
Median Price
$575,000
⇧ 1.8% vs $565,000 last year
Average Price
$674,377
⇩ 2.4% vs $691,218 last year
Days on Market
69
⇩ 1.4% vs 70 days last year

Price Per Square Foot

Median $/sqft
$242
⇩ 4% vs $252/sqft last year
Median Home Size
2,397 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 188 this year vs 215 last year
  • Days on market: 69 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $575,000 (+1.8% YoY)
  • Average: $674,377 (-2.4% 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 9.0 miles — 1,562 listings ($671,055,735 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70124New Orleans, LA 701240.0 mi169$112,589,321$571,975$666,209
70122New Orleans, LA 701222.3 mi178$58,080,866$284,700$326,297
70002Metairie, LA 700023.5 mi88$39,765,440$387,450$451,880
70125New Orleans, LA 701253.8 mi72$25,148,952$325,000$349,291
70001Metairie, LA 700014.3 mi155$75,788,180$328,500$488,956
70121New Orleans, LA 701214.6 mi80$26,682,960$317,500$333,537
70117New Orleans, LA 701175.2 mi173$52,137,875$242,500$301,375
70006Metairie, LA 700065.3 mi63$23,970,366$350,000$380,482
70115New Orleans, LA 701155.8 mi173$112,913,640$478,625$652,680
70003Metairie, LA 700036.6 mi165$54,554,610$299,000$330,634
70123New Orleans, LA 701237.2 mi125$56,900,500$338,675$455,204
70174New Orleans, LA 701747.6 mi3$883,449$283,150$294,483
70043Chalmette, LA 700439.0 mi118$31,639,576$261,238$268,132

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70124?

As of March 2026, there are 188 active listings in NEW ORLEANS, LA (zip code 70124), compared to 215 the prior year.

What is the median home price in NEW ORLEANS, LA 70124?

The median listing price in NEW ORLEANS, LA 70124 is $575,000 as of March 2026, a 1.8% increase from $565,000 the prior year.

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

Homes in NEW ORLEANS, LA 70124 spend an average of 69 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70124?

Based on current inventory and days-on-market data as of March 2026, NEW ORLEANS, LA 70124 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 69 days on market compared to 70 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 70124 save an estimated $11,500 compared to a typical 5% commission on the median listing price of $575,000. 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.