New Orleans, LA
Housing market overview · Updated weekly
$315,000median sale price
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
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
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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.
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