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Bywater Florida Area Florida Project Holy Cross Lower Ninth Ward Marigny St Claude St Roch

NEW ORLEANS, LA 70117

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

Neighborhoods in ZIP 70117

Bywater · Florida Area · Florida Project · Holy Cross · Lower Ninth Ward · Marigny · St Claude · St Roch

Market Analysis

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

The NEW ORLEANS, LA real estate market (70117) currently shows 173 active listings, with 18 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has tightened compared to last year, with 27 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 102 days on market compared to 93 days last year.

The median listing price has fallen 18.2% year-over-year, from $296,500 to $242,500.

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: 25,888  ·  Density: 1,815.9/mi²  ·  Median household income: $37,472

Typical home value: $249,874  ·  Homeownership: 47.3%

Market Overview

Active Listings
173
⇩ 13.5% vs 200 last year
Pending
18
10% pending ratio
Median Price
$242,500
⇩ 18.2% vs $296,500 last year
Average Price
$301,375
⇩ 18.1% vs $367,833 last year
Days on Market
102
⇧ 9.7% vs 93 days last year

Price Per Square Foot

Median $/sqft
$170
⇩ 11.9% vs $193/sqft last year
Median Home Size
1,410 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 173 this year vs 200 last year
  • Days on market: 102 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $242,500 (-18.2% YoY)
  • Average: $301,375 (-18.1% 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 — 1,458 listings ($661,708,282 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70117New Orleans, LA 701170.0 mi171$52,662,870$250,000$307,970
70114New Orleans, LA 701142.2 mi107$33,501,700$269,900$313,100
70112New Orleans, LA 701123.0 mi50$31,932,050$382,000$638,641
70130New Orleans, LA 701303.2 mi200$146,926,200$394,450$734,631
70119New Orleans, LA 701193.5 mi137$55,736,532$324,000$406,836
70113New Orleans, LA 701133.7 mi48$19,104,432$290,000$398,009
70043Chalmette, LA 700434.0 mi117$30,862,611$259,950$263,783
70124New Orleans, LA 701245.2 mi160$106,284,480$559,000$664,278
70127New Orleans, LA 701275.3 mi60$12,120,720$199,000$202,012
70131New Orleans, LA 701315.9 mi121$43,435,007$264,000$358,967
70005Metairie, LA 700056.6 mi121$80,850,506$465,000$668,186
70058Harvey, LA 700587.2 mi96$25,434,144$243,800$264,939
70121New Orleans, LA 701217.7 mi70$22,857,030$314,450$326,529

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70117?

As of February 2026, there are 173 active listings in NEW ORLEANS, LA (zip code 70117), compared to 200 the prior year.

What is the median home price in NEW ORLEANS, LA 70117?

The median listing price in NEW ORLEANS, LA 70117 is $242,500 as of February 2026, a 18.2% decrease from $296,500 the prior year.

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

Homes in NEW ORLEANS, LA 70117 spend an average of 102 days on the market before going under contract, compared to 93 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70117?

Based on current inventory and days-on-market data as of February 2026, NEW ORLEANS, LA 70117 is currently a Balanced Market. Inventory has tightened compared to last year, with 27 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 102 days on market compared to 93 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 70117 save an estimated $4,850 compared to a typical 5% commission on the median listing price of $242,500. 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.