Call or Text (240) SELL-123
City Park Lakeshore (Lake Vista) Lakeshore East Lakeshore West Lakeview Navarre West End (Lakewood)

NEW ORLEANS, LA 70124

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

Neighborhoods in ZIP 70124

City Park · Lakeshore (Lake Vista) · Lakeshore East · Lakeshore West · Lakeview · Navarre · West End (Lakewood)

Market Analysis

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

The NEW ORLEANS, LA real estate market (70124) currently shows 169 active listings, with 39 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 84 days on market compared to 101 days last year.

The median listing price has risen 3.8% year-over-year, from $551,200 to $571,975.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for NEW ORLEANS, LA 70124 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 20,212  ·  Density: 1,168.9/mi²  ·  Median household income: $113,525

Typical home value: $556,488  ·  Homeownership: 73.1%

Market Overview

Active Listings
169
⇩ 16.7% vs 203 last year
Pending
39
23% pending ratio
Median Price
$571,975
⇧ 3.8% vs $551,200 last year
Average Price
$666,209
⇩ 0.3% vs $668,373 last year
Days on Market
84
⇩ 16.8% vs 101 days last year

Price Per Square Foot

Median $/sqft
$241
⇩ 3.2% vs $249/sqft last year
Median Home Size
2,406 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 169 this year vs 203 last year
  • Days on market: 84 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $571,975 (+3.8% YoY)
  • Average: $666,209 (-0.3% 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 9.0 miles — 1,498 listings ($641,337,326 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
70124New Orleans, LA 701240.0 mi160$106,284,480$559,000$664,278
70122New Orleans, LA 701222.3 mi169$54,340,598$298,504$321,542
70002Metairie, LA 700023.5 mi76$35,137,764$369,000$462,339
70125New Orleans, LA 701253.8 mi75$26,734,575$325,000$356,461
70001Metairie, LA 700014.3 mi150$69,129,450$329,900$460,863
70121New Orleans, LA 701214.6 mi70$22,857,030$314,450$326,529
70117New Orleans, LA 701175.2 mi171$52,662,870$250,000$307,970
70006Metairie, LA 700065.3 mi61$23,818,243$359,900$390,463
70115New Orleans, LA 701155.8 mi160$107,318,880$499,000$670,743
70003Metairie, LA 700036.6 mi164$56,118,996$300,000$342,189
70123New Orleans, LA 701237.2 mi123$55,402,029$346,600$450,423
70174New Orleans, LA 701747.6 mi2$669,800$334,900$334,900
70043Chalmette, LA 700439.0 mi117$30,862,611$259,950$263,783

Frequently Asked Questions

How many homes are for sale in NEW ORLEANS, LA 70124?

As of February 2026, there are 169 active listings in NEW ORLEANS, LA (zip code 70124), compared to 203 the prior year.

What is the median home price in NEW ORLEANS, LA 70124?

The median listing price in NEW ORLEANS, LA 70124 is $571,975 as of February 2026, a 3.8% increase from $551,200 the prior year.

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

Homes in NEW ORLEANS, LA 70124 spend an average of 84 days on the market before going under contract, compared to 101 days the prior year.

Is it a seller's or buyer's market in NEW ORLEANS, LA 70124?

Based on current inventory and days-on-market data as of February 2026, NEW ORLEANS, LA 70124 is currently a Seller's Market. Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 84 days on market compared to 101 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 70124 save an estimated $11,440 compared to a typical 5% commission on the median listing price of $571,975. 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.