New Orleans - LA housing market

The typical home value ($263,842) 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 2.5% over the past year. In New Orleans - LA, that means a home worth $257,407 last year is now worth roughly $263,842.

The median sale price, what homes actually close for, is $277,503. Homes are selling at 96.5% of list price, meaning buyers have room to negotiate.

Homes listed in New Orleans - LA sit on the market for roughly 41 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,250 new listings hit the market each month in New Orleans - LA. There are currently 6,481 homes for sale, down 2.3% from a year ago.

The typical monthly rent in New Orleans - LA is $1,604, up 1.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 13.7x, buying territory (#170 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,356 a month in principal and interest, $248 less than renting before taxes, insurance and upkeep. The two break even at a 8.37% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →