$45,000
10219 Lakewood St Lot 5
New Orleans, LA
6,200 sqft
Land6,199 sqft lot
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New Orleans, LA Housing Market & Real Estate
Buyer's market+1.6% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in New Orleans, LA is $315,000, up 1.6% year-over-year. Homes sell in an average of 115 days with 2,140 active listings. The market is currently a buyer's market.
$315,000median sale price
Is New Orleans a buyer's or seller's market?
Buyer's market11.3 months of supply115 avg. days on market
New Orleans, LA is currently a buyer's market, based on 11.3 months of supply and homes selling in about 115 days. How we determine this →
Homes sold
189
Last 12 weeks
Days on market
115
Average pace
Active listings
2,140
11.3 months supply
Sale-to-list
94.9%
Below asking
New Orleans, LA market data
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $355,000 |
| Year-over-year price change | +1.6% |
| Average days on market | 115 days |
| Active inventory | 2,140 listings |
| Months of supply | 11.3 months |
| Sale-to-list price ratio | 94.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The New Orleans housing market is currently classified as a buyer's market with a median sale price of $315,000. Prices have risen 1.6% compared to last year, with homes spending an average of 115 days on market, indicating 11.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in New Orleans
There are currently 2,140 homes listed for sale in New Orleans, Louisiana. The median listing price is $355K. Featured listings range from $45,000 to $815,000.
$50,000
5886 Old Gentilly Rd
New Orleans, LA
3 bd1 ba960 sqft
House5,049 sqft lot
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$118,000
2550 Lavender St
New Orleans, LA
1 bd1 ba731 sqft
House
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$169,000
1631 Esplanade Ave Apt D
New Orleans, LA
0 bd1 ba387 sqft
Condo
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$195,000
1205 St Charles Ave Apt 1309
New Orleans, LA
1 bd1 ba648 sqft
Condo
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$200,000
4963 Camelia St
New Orleans, LA
4 bd2 ba1,314 sqft
Multi-family5,502 sqft lot
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$220,000
1922 Adams St Unit A
New Orleans, LA
3 bd1 ba1,212 sqft
Condo
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$228,000
1631 Esplanade Ave Apt H
New Orleans, LA
1 bd1 ba488 sqft
Condo
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$525,000
8218 Burthe St
New Orleans, LA
2 bd2 ba1,729 sqft
House
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$575,000
4440 Banks St
New Orleans, LA
2 bd3 ba4,916 sqft
Multi-family
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$625,000
2846 Grand Rte Saint John St
New Orleans, LA
6 bd4 ba4,069 sqft
Multi-family
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$815,000
5876 Fleur De Lis Dr
New Orleans, LA
5 bd4 ba3,349 sqft
House6,961 sqft lot
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Looking to buy in New Orleans?
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Active listings
2,140
Homes on market
Median list price
$355K
Avg. days on market
115
Days until sale
New this week
445
Newly listed
Price drops:20.5%of listings
Sale-to-list:94.9%
Explore nearby cities in LA
Frequently asked questions
What is the average home price in New Orleans?
The median home sale price in New Orleans is $315,000, up 1.6% from last year.
How long do homes stay on market in New Orleans?
Homes typically spend 115 days on market before going under contract.
Is New Orleans a buyer's or seller's market?
With 11.3 months of supply, New Orleans is currently a buyer's market.
How many homes are for sale in New Orleans?
There are currently 2140 homes listed for sale in New Orleans, LA.
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