MarketPulse
Home/Markets/New Orleans, LA
Balanced Market · Updated June 2026

New OrleansHousing Market

Live market data for New Orleans, Louisiana. Median prices, inventory, days on market, and AI-powered trend analysis — backed by Redfin MLS data.

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Median Sale Price
-4.3% YoY

$303,450

Prices have softened +4.3% year-over-year — opportunity for buyers.

Days on Market

26

Fast-moving market — homes sell quickly.

Active Listings

218

71 sold (30d)

Price / Sq Ft

$152

Median listing PPSF

Months of Inventory

4.8

Balanced Market

Sold (30 days)

71

In ZIP 70112

AI Market Analysis

WHAT'S HAPPENING IN NEW ORLEANS RIGHT NOW

The New Orleans, LA housing market currently shows a median sale price of $303,450 — down +4.3% year-over-year. Homes are selling in an average of 26 days, with 218 active listings available.

With 4.8 months of inventory, New Orleans is currently a balanced market. Buyers and sellers share balanced negotiating power. This is a healthy, sustainable market dynamic. Price per square foot sits at $152.

In the last 30 days, 71 homes have sold in this market. Real estate agents in New Orleans use MarketPulse to send branded weekly market updates to past clients, helping them stay top-of-mind and earn repeat business.

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COMMON QUESTIONS ABOUT NEW ORLEANS

Quick answers based on the latest market data.

What's the median home price in New Orleans, LA?+
As of June 2026, the median home sale price in New Orleans, LA is $303,450. This is down +4.3% year-over-year.
Is New Orleans a buyer's market or seller's market?+
New Orleans currently has 4.8 months of inventory, making it a balanced market. Inventory is balanced (4-6 months) which means buyers and sellers share negotiating power.
How long do homes take to sell in New Orleans?+
Homes in New Orleans are currently selling in an average of 26 days. This is fast-moving — well-priced homes attract offers quickly.
How is this data calculated?+
Market data is aggregated from Redfin's public MLS feeds and updated daily. Median prices reflect closed sales, days on market measures listing-to-contract time, and inventory is calculated from active listings divided by the recent sales pace.

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