New Orleans - LA housing market
The New Orleans metro has a typical home value of $261,919, up 2.6% from a year ago. Homes are sitting 42 days on average - buyers have negotiating room. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($261,919) is the Zillow Home Value Index for the New Orleans - LA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.6% over the past year. In New Orleans - LA, that means a home worth $255,282 last year is now worth roughly $261,919.
The median sale price , what homes actually close for , is $274,596. Homes are selling at 96.1% of list price, meaning buyers have room to negotiate.
Homes listed in New Orleans - LA sit on the market for roughly 42 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,363 new listings hit the market each month in New Orleans - LA. There are currently 6,283 homes for sale, up 2.1% from a year ago.
The typical monthly rent in New Orleans - LA is $1,615, down 0.3% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in LA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Baton Rouge - LA | $246,900 | +1.1% | 34.0d |
| Lafayette - LA | $200,663 | +1.6% | 31.0d |
| Shreveport - LA | $184,116 | -0.2% | 39.0d |