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NEW ORLEANS, LA 70121

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The NEW ORLEANS, LA real estate market (70121) currently shows 80 active listings, with 12 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 77 days on market compared to 74 days last year.

The median listing price has risen 2.6% year-over-year, from $309,375 to $317,500.

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: 10,956  ·  Density: 1,290.9/mi²  ·  Median household income: $56,378

Typical home value: $232,053  ·  Homeownership: 55.2%

Market Overview

Active Listings
80
⇧ 35.6% vs 59 last year
Pending
12
15% pending ratio
Median Price
$317,500
⇧ 2.6% vs $309,375 last year
Average Price
$333,537
⇧ 3.5% vs $322,367 last year
Days on Market
77
⇧ 4.1% vs 74 days last year

Price Per Square Foot

Median $/sqft
$192
⇩ 5.4% vs $203/sqft last year
Median Home Size
1,510 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 80 this year vs 59 last year
  • Days on market: 77 now vs 74 last year

Median & Average Pricing

Year over Year
  • Median: $317,500 (+2.6% YoY)
  • Average: $333,537 (+3.5% 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 8.3 miles — 1,677 listings ($753,636,284 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70121New Orleans, LA 701210.0 mi70$22,857,030$314,450$326,529
70118New Orleans, LA 701182.3 mi141$73,944,066$375,000$524,426
70005Metairie, LA 700053.1 mi121$80,850,506$465,000$668,186
70002Metairie, LA 700023.4 mi76$35,137,764$369,000$462,339
70003Metairie, LA 700034.2 mi164$56,118,996$300,000$342,189
70119New Orleans, LA 701194.4 mi137$55,736,532$324,000$406,836
70124New Orleans, LA 701244.6 mi160$106,284,480$559,000$664,278
70112New Orleans, LA 701124.9 mi50$31,932,050$382,000$638,641
70116New Orleans, LA 701165.7 mi195$114,985,455$399,000$589,669
70122New Orleans, LA 701226.5 mi169$54,340,598$298,504$321,542
70065Kenner, LA 700657.3 mi191$62,512,963$269,999$327,293
70114New Orleans, LA 701147.8 mi107$33,501,700$269,900$313,100
70058Harvey, LA 700588.3 mi96$25,434,144$243,800$264,939

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70121?

As of February 2026, there are 80 active listings in NEW ORLEANS, LA (zip code 70121), compared to 59 the prior year.

What is the median home price in NEW ORLEANS, LA 70121?

The median listing price in NEW ORLEANS, LA 70121 is $317,500 as of February 2026, a 2.6% increase from $309,375 the prior year.

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

Homes in NEW ORLEANS, LA 70121 spend an average of 77 days on the market before going under contract, compared to 74 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70121?

Based on current inventory and days-on-market data as of February 2026, NEW ORLEANS, LA 70121 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 74 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 70121 save an estimated $6,350 compared to a typical 5% commission on the median listing price of $317,500. 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.