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City / Town Overview

New Orleans, LA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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.

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Market Context

Market Context

Population: 418,997  ·  Density: 2,097.8/mi²  ·  Median household income: $56,475

Typical home value: $318,617  ·  Homeownership: 50.9%

Included Areas

New Orleans: 70112, 70113, 70114, 70115, 70116, 70117, 70118, 70119, 70121, 70122, 70123, 70124

Area Map

Market Overview

Active Listings
2,301
⇩ 4.2% vs 2,402 last year
Pending
370
16% pending ratio
Median Price
$339,093
⇩ 11.1% vs $381,465 last year
Average Price
$450,378
⇩ 13.4% vs $519,941 last year
Days on Market
91
⇩ 2.8% vs 94 days last year

Price Per Square Foot

Median $/sqft
$234
⇩ 3.5% vs $243/sqft last year
Median Home Size
1,614 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %