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CBD (Central Business District) Gravier (Tulane) Iberville Project Treme Vieux Carre

NEW ORLEANS, LA 70112

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 70112

CBD (Central Business District) · Gravier (Tulane) · Iberville Project · Treme · Vieux Carre

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NEW ORLEANS, LA real estate market (70112) currently shows 55 active listings, with 2 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 85 days on market compared to 83 days last year.

The median listing price has fallen 16.4% year-over-year, from $448,750 to $375,000.

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.

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Market Context

Market Context

Population: 4,310  ·  Density: 1,693.6/mi²  ·  Median household income: $31,250

Typical home value: $396,451  ·  Homeownership: 8.1%

Market Overview

Active Listings
55
⇩ 6.8% vs 59 last year
Pending
2
4% pending ratio
Median Price
$375,000
⇩ 16.4% vs $448,750 last year
Average Price
$611,734
⇩ 16.3% vs $731,131 last year
Days on Market
85
⇧ 2.4% vs 83 days last year

Price Per Square Foot

Median $/sqft
$436
⇩ 7.8% vs $473/sqft last year
Median Home Size
1,014 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 59 last year
  • Days on market: 85 now vs 83 last year

Median & Average Pricing

Year over Year
  • Median: $375,000 (-16.4% YoY)
  • Average: $611,734 (-16.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.7 miles — 1,524 listings ($726,592,567 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70112New Orleans, LA 701120.0 mi50$31,932,050$382,000$638,641
70116New Orleans, LA 701161.1 mi195$114,985,455$399,000$589,669
70119New Orleans, LA 701191.5 mi137$55,736,532$324,000$406,836
70115New Orleans, LA 701152.7 mi160$107,318,880$499,000$670,743
70118New Orleans, LA 701183.0 mi141$73,944,066$375,000$524,426
70053Gretna, LA 700533.2 mi56$14,972,216$249,900$267,361
70124New Orleans, LA 701243.9 mi160$106,284,480$559,000$664,278
70005Metairie, LA 700054.6 mi121$80,850,506$465,000$668,186
70032Arabi, LA 700324.9 mi63$20,217,078$319,000$320,906
70126New Orleans, LA 701265.7 mi107$20,619,542$180,000$192,706
70058Harvey, LA 700586.0 mi96$25,434,144$243,800$264,939
70043Chalmette, LA 700436.7 mi117$30,862,611$259,950$263,783
70131New Orleans, LA 701317.7 mi121$43,435,007$264,000$358,967

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70112?

As of February 2026, there are 55 active listings in NEW ORLEANS, LA (zip code 70112), compared to 59 the prior year.

What is the median home price in NEW ORLEANS, LA 70112?

The median listing price in NEW ORLEANS, LA 70112 is $375,000 as of February 2026, a 16.4% decrease from $448,750 the prior year.

How long do homes stay on the market in NEW ORLEANS, LA?

Homes in NEW ORLEANS, LA 70112 spend an average of 85 days on the market before going under contract, compared to 83 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70112?

Based on current inventory and days-on-market data as of February 2026, NEW ORLEANS, LA 70112 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 85 days on market compared to 83 days last year.

How much can I save on real estate commission in NEW ORLEANS, LA?

With SELL123.com's maximum 3% commission, sellers in NEW ORLEANS, LA 70112 save an estimated $7,500 compared to a typical 5% commission on the median listing price of $375,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.