Data as of February 2026. Source: Realtor.com.
The New Orleans, LA real estate market currently shows 2,301 active listings, with 370 pending sales. Homes are averaging 91 days on the market before going under contract.
Inventory has tightened compared to last year, with 101 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 91 days on market compared to 93.6 days last year.
The median listing price has fallen 11.1% year-over-year, from $381,465 to $339,093.
Whether you are buying or selling in New Orleans, LA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 418,997 · Density: 2,097.8/mi² · Median household income: $56,475
Typical home value: $318,617 · Homeownership: 50.9%
New Orleans: 70112, 70113, 70114, 70115, 70116, 70117, 70118, 70119, 70121, 70122, 70123, 70124