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NEW ORLEANS, LA 70131

Real Estate Market Report  ·  Orleans County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
121
⇧ 0.8% vs 120 last year
Pending
20
17% pending ratio
Median Price
$264,000
⇩ 5.2% vs $278,425 last year
Average Price
$358,967
⇩ 1.6% vs $364,801 last year
Days on Market
103
⇧ 22.6% vs 84 days last year

Market Context

Population: 25,749  ·  Density: 848.9/mi²  ·  Median household income: $60,157

Typical home value: $221,843  ·  Homeownership: 63.7%

Market Analysis

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

The NEW ORLEANS, LA real estate market (70131) currently shows 121 active listings, with 20 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 103 days on market compared to 84 days last year.

The median listing price has fallen 5.2% year-over-year, from $278,425 to $264,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 121 this year vs 120 last year
  • Days on market: 103 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $264,000 (-5.2% YoY)
  • Average: $358,967 (-1.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.6 miles — 1,257 listings ($533,729,377 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70131New Orleans, LA 701310.0 mi121$43,435,007$264,000$358,967
70043Chalmette, LA 700433.4 mi117$30,862,611$259,950$263,783
70032Arabi, LA 700323.7 mi63$20,217,078$319,000$320,906
70056Gretna, LA 700564.4 mi121$31,964,207$244,900$264,167
70053Gretna, LA 700535.6 mi56$14,972,216$249,900$267,361
70130New Orleans, LA 701306.8 mi200$146,926,200$394,450$734,631
70116New Orleans, LA 701167.4 mi195$114,985,455$399,000$589,669
70113New Orleans, LA 701137.8 mi48$19,104,432$290,000$398,009
70127New Orleans, LA 701278.5 mi60$12,120,720$199,000$202,012
70119New Orleans, LA 701198.9 mi137$55,736,532$324,000$406,836
70125New Orleans, LA 701259.1 mi75$26,734,575$325,000$356,461
70128New Orleans, LA 701289.7 mi56$12,977,888$209,950$231,748
70040Braithwaite, LA 7004010.6 mi8$3,692,456$260,000$461,557

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70131?

As of January 2026, there are 121 active listings in NEW ORLEANS, LA (zip code 70131), compared to 120 the prior year.

What is the median home price in NEW ORLEANS, LA 70131?

The median listing price in NEW ORLEANS, LA 70131 is $264,000 as of January 2026, a 5.2% decrease from $278,425 the prior year.

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

Homes in NEW ORLEANS, LA 70131 spend an average of 103 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70131?

Based on current inventory and days-on-market data as of January 2026, NEW ORLEANS, LA 70131 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 103 days on market compared to 84 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 70131 save an estimated $5,280 compared to a typical 5% commission on the median listing price of $264,000. 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.