Active Listings
196
⇩ 9.3% vs 216 last year
Faubourg Marigny · Marigny · Seventh Ward · Treme · Vieux Carre
Data as of February 2026. Source: Realtor.com.
The NEW ORLEANS, LA real estate market (70116) currently shows 196 active listings, with 13 pending sales. Homes are averaging 113 days on the market before going under contract.
Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 113 days on market compared to 95 days last year.
The median listing price has fallen 10.9% year-over-year, from $443,499 to $395,000.
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.
Population: 10,482 · Density: 3,194.0/mi² · Median household income: $43,226
Typical home value: $389,373 · Homeownership: 40.9%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 70116 | New Orleans, LA 70116 | 0.0 mi | 195 | $114,985,455 | $399,000 | $589,669 |
| 70119 | New Orleans, LA 70119 | 1.5 mi | 137 | $55,736,532 | $324,000 | $406,836 |
| 70113 | New Orleans, LA 70113 | 2.1 mi | 48 | $19,104,432 | $290,000 | $398,009 |
| 70125 | New Orleans, LA 70125 | 2.5 mi | 75 | $26,734,575 | $325,000 | $356,461 |
| 70122 | New Orleans, LA 70122 | 2.9 mi | 169 | $54,340,598 | $298,504 | $321,542 |
| 70053 | Gretna, LA 70053 | 3.7 mi | 56 | $14,972,216 | $249,900 | $267,361 |
| 70174 | New Orleans, LA 70174 | 4.0 mi | 2 | $669,800 | $334,900 | $334,900 |
| 70032 | Arabi, LA 70032 | 4.3 mi | 63 | $20,217,078 | $319,000 | $320,906 |
| 70005 | Metairie, LA 70005 | 4.8 mi | 121 | $80,850,506 | $465,000 | $668,186 |
| 70056 | Gretna, LA 70056 | 5.8 mi | 121 | $31,964,207 | $244,900 | $264,167 |
| 70001 | Metairie, LA 70001 | 6.3 mi | 150 | $69,129,450 | $329,900 | $460,863 |
| 70058 | Harvey, LA 70058 | 6.7 mi | 96 | $25,434,144 | $243,800 | $264,939 |
| 70131 | New Orleans, LA 70131 | 7.4 mi | 121 | $43,435,007 | $264,000 | $358,967 |
As of February 2026, there are 196 active listings in NEW ORLEANS, LA (zip code 70116), compared to 216 the prior year.
The median listing price in NEW ORLEANS, LA 70116 is $395,000 as of February 2026, a 10.9% decrease from $443,499 the prior year.
Homes in NEW ORLEANS, LA 70116 spend an average of 113 days on the market before going under contract, compared to 95 days the prior year.
Based on current inventory and days-on-market data as of February 2026, NEW ORLEANS, LA 70116 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 113 days on market compared to 95 days last year.
With SELL123.com's maximum 3% commission, sellers in NEW ORLEANS, LA 70116 save an estimated $7,900 compared to a typical 5% commission on the median listing price of $395,000. 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.