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Bonita Park (Plum Orchard) Desire Area Desire Project Gentilly Woods Lake Forest East Pine Village Pines (Lake Kenilworth) Pontchartrain Park Venetian Isles (Viavant) West Lake

NEW ORLEANS, LA 70126

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

Neighborhoods in ZIP 70126

Bonita Park (Plum Orchard) · Desire Area · Desire Project · Gentilly Woods · Lake Forest East · Pine Village · Pines (Lake Kenilworth) · Pontchartrain Park · Venetian Isles (Viavant) · West Lake

Market Analysis

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

The NEW ORLEANS, LA real estate market (70126) currently shows 118 active listings, with 20 pending sales. Homes are averaging 97 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 97 days on market compared to 115 days last year.

The median listing price has fallen 18.6% year-over-year, from $215,000 to $175,000.

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: 30,154  ·  Density: 964.1/mi²  ·  Median household income: $34,621

Typical home value: $181,792  ·  Homeownership: 47.1%

Market Overview

Active Listings
118
⇧ 8.3% vs 109 last year
Pending
20
17% pending ratio
Median Price
$175,000
⇩ 18.6% vs $215,000 last year
Average Price
$184,646
⇩ 10.3% vs $205,778 last year
Days on Market
97
⇩ 15.7% vs 115 days last year

Price Per Square Foot

Median $/sqft
$112
⇩ 1.8% vs $114/sqft last year
Median Home Size
1,650 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 118 this year vs 109 last year
  • Days on market: 97 now vs 115 last year

Median & Average Pricing

Year over Year
  • Median: $175,000 (-18.6% YoY)
  • Average: $184,646 (-10.3% 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 9.4 miles — 1,167 listings ($515,555,768 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70126New Orleans, LA 701260.0 mi107$19,978,933$179,475$186,719
70122New Orleans, LA 701222.9 mi178$58,080,866$284,700$326,297
70128New Orleans, LA 701284.3 mi68$14,576,684$199,975$214,363
70032Arabi, LA 700324.9 mi60$19,053,000$318,000$317,550
70124New Orleans, LA 701245.2 mi169$112,589,321$571,975$666,209
70112New Orleans, LA 701125.7 mi55$33,645,370$375,000$611,734
70174New Orleans, LA 701746.4 mi3$883,449$283,150$294,483
70113New Orleans, LA 701136.7 mi58$26,386,984$317,500$454,948
70005Metairie, LA 700057.1 mi121$79,133,153$467,500$653,993
70118New Orleans, LA 701188.3 mi152$75,564,976$375,000$497,138
70075Meraux, LA 700758.4 mi28$9,214,632$260,000$329,094
70002Metairie, LA 700028.7 mi88$39,765,440$387,450$451,880
70121New Orleans, LA 701219.4 mi80$26,682,960$317,500$333,537

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70126?

As of March 2026, there are 118 active listings in NEW ORLEANS, LA (zip code 70126), compared to 109 the prior year.

What is the median home price in NEW ORLEANS, LA 70126?

The median listing price in NEW ORLEANS, LA 70126 is $175,000 as of March 2026, a 18.6% decrease from $215,000 the prior year.

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

Homes in NEW ORLEANS, LA 70126 spend an average of 97 days on the market before going under contract, compared to 115 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70126?

Based on current inventory and days-on-market data as of March 2026, NEW ORLEANS, LA 70126 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 97 days on market compared to 115 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 70126 save an estimated $3,500 compared to a typical 5% commission on the median listing price of $175,000. 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.