New Orleans - LA housing market
The New Orleans metro has a typical home value of $264,891, up 2.7% from a year ago. Homes sell in 36 days on average, a balanced market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($264,891) 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 2.7% over the past year. In New Orleans - LA, that means a home worth $257,927 last year is now worth roughly $264,891.
The median sale price , what homes actually close for , is $278,695. 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 36 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,345 new listings hit the market each month in New Orleans - LA. There are currently 6,511 homes for sale, down 1.6% from a year ago.
The typical monthly rent in New Orleans - LA is $1,617, up 0.7% 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 | $249,747 | +1.9% | 30.0d |
| Lafayette - LA | $204,403 | +2.3% | 33.0d |
| Shreveport - LA | $185,678 | +2.0% | 25.0d |