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Dillard Fillmore Gentilly Terrace Lake Terrace (Lake Oaks) Milneburg St Anthony St Bernard Area St Roch

NEW ORLEANS, LA 70122

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

Neighborhoods in ZIP 70122

Dillard · Fillmore · Gentilly Terrace · Lake Terrace (Lake Oaks) · Milneburg · St Anthony · St Bernard Area · St Roch

Market Analysis

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

The NEW ORLEANS, LA real estate market (70122) currently shows 178 active listings, with 39 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has tightened compared to last year, with 26 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 93 days on market compared to 90 days last year.

The median listing price has fallen 4.8% year-over-year, from $299,000 to $284,700.

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: 35,147  ·  Density: 2,164.7/mi²  ·  Median household income: $44,750

Typical home value: $261,882  ·  Homeownership: 56.5%

Market Overview

Active Listings
178
⇩ 12.7% vs 204 last year
Pending
39
22% pending ratio
Median Price
$284,700
⇩ 4.8% vs $299,000 last year
Average Price
$326,297
⇩ 2.8% vs $335,615 last year
Days on Market
93
⇧ 3.3% vs 90 days last year

Price Per Square Foot

Median $/sqft
$171
⇧ 0.6% vs $170/sqft last year
Median Home Size
1,699 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 178 this year vs 204 last year
  • Days on market: 93 now vs 90 last year

Median & Average Pricing

Year over Year
  • Median: $284,700 (-4.8% YoY)
  • Average: $326,297 (-2.8% 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 8.5 miles — 1,418 listings ($612,874,750 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70122New Orleans, LA 701220.0 mi169$54,340,598$298,504$321,542
70119New Orleans, LA 701192.6 mi137$55,736,532$324,000$406,836
70126New Orleans, LA 701262.9 mi107$20,619,542$180,000$192,706
70112New Orleans, LA 701123.7 mi50$31,932,050$382,000$638,641
70125New Orleans, LA 701254.5 mi75$26,734,575$325,000$356,461
70130New Orleans, LA 701305.0 mi200$146,926,200$394,450$734,631
70127New Orleans, LA 701275.5 mi60$12,120,720$199,000$202,012
70032Arabi, LA 700325.7 mi63$20,217,078$319,000$320,906
70115New Orleans, LA 701156.3 mi160$107,318,880$499,000$670,743
70001Metairie, LA 700016.5 mi150$69,129,450$329,900$460,863
70121New Orleans, LA 701216.5 mi70$22,857,030$314,450$326,529
70128New Orleans, LA 701287.2 mi56$12,977,888$209,950$231,748
70056Gretna, LA 700568.5 mi121$31,964,207$244,900$264,167

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70122?

As of February 2026, there are 178 active listings in NEW ORLEANS, LA (zip code 70122), compared to 204 the prior year.

What is the median home price in NEW ORLEANS, LA 70122?

The median listing price in NEW ORLEANS, LA 70122 is $284,700 as of February 2026, a 4.8% decrease from $299,000 the prior year.

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

Homes in NEW ORLEANS, LA 70122 spend an average of 93 days on the market before going under contract, compared to 90 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70122?

Based on current inventory and days-on-market data as of February 2026, NEW ORLEANS, LA 70122 is currently a Balanced Market. Inventory has tightened compared to last year, with 26 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 93 days on market compared to 90 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 70122 save an estimated $5,694 compared to a typical 5% commission on the median listing price of $284,700. 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.