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Lake Forest

NEW ORLEANS, LA 70127

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

Neighborhoods in ZIP 70127

Lake Forest

Market Analysis

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

The NEW ORLEANS, LA real estate market (70127) currently shows 64 active listings, with 18 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 62 days on market compared to 74 days last year.

The median listing price has fallen 2.2% year-over-year, from $180,000 to $176,125.

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: 26,153  ·  Density: 1,846.0/mi²  ·  Median household income: $37,401

Typical home value: $186,756  ·  Homeownership: 45.4%

Market Overview

Active Listings
64
⇩ 15.8% vs 76 last year
Pending
18
28% pending ratio
Median Price
$176,125
⇩ 2.2% vs $180,000 last year
Average Price
$192,967
⇩ 0.1% vs $193,182 last year
Days on Market
62
⇩ 16.2% vs 74 days last year

Price Per Square Foot

Median $/sqft
$117
⇧ 12.5% vs $104/sqft last year
Median Home Size
1,530 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 76 last year
  • Days on market: 62 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $176,125 (-2.2% YoY)
  • Average: $192,967 (-0.1% 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 10.7 miles — 1,269 listings ($471,091,660 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70127New Orleans, LA 701270.0 mi61$12,035,727$186,875$197,307
70126New Orleans, LA 701262.6 mi107$19,978,933$179,475$186,719
70117New Orleans, LA 701175.3 mi173$52,137,875$242,500$301,375
70032Arabi, LA 700325.5 mi60$19,053,000$318,000$317,550
70114New Orleans, LA 701147.2 mi117$35,758,827$262,000$305,631
70075Meraux, LA 700757.5 mi28$9,214,632$260,000$329,094
70124New Orleans, LA 701247.8 mi169$112,589,321$571,975$666,209
70131New Orleans, LA 701318.5 mi124$43,325,104$254,900$349,396
70113New Orleans, LA 701138.8 mi58$26,386,984$317,500$454,948
70125New Orleans, LA 701259.3 mi72$25,148,952$325,000$349,291
70092Violet, LA 7009210.1 mi25$5,765,075$217,500$230,603
70056Gretna, LA 7005610.3 mi123$34,132,254$244,925$277,498
70118New Orleans, LA 7011810.7 mi152$75,564,976$375,000$497,138

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70127?

As of March 2026, there are 64 active listings in NEW ORLEANS, LA (zip code 70127), compared to 76 the prior year.

What is the median home price in NEW ORLEANS, LA 70127?

The median listing price in NEW ORLEANS, LA 70127 is $176,125 as of March 2026, a 2.2% decrease from $180,000 the prior year.

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

Homes in NEW ORLEANS, LA 70127 spend an average of 62 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 70127?

Based on current inventory and days-on-market data as of March 2026, NEW ORLEANS, LA 70127 is currently a Seller's Market. Inventory has tightened compared to last year, with 12 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 62 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 70127 save an estimated $3,523 compared to a typical 5% commission on the median listing price of $176,125. 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.