The New Orleans housing market is not very competitive. Homes in New Orleans receive 1 offers on average and sell in around 106 days. The median sale price of a home in New Orleans was $325K last month, down 0.98% since last year. The median sale price per square foot in New Orleans is $195, down 10.6% since last year.
What is the housing market like in New Orleans today?
In February 2024, New Orleans home prices were down 0.98% compared to last year, selling for a median price of $325K. On average, homes in New Orleans sell after 106 days on the market compared to 73 days last year. There were 194 homes sold in February this year, down from 230 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$325,000
-0.98% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
New Orleans, LA
$325,000
-0.98%
United States
To compare other locations to the New Orleans and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. New Orleans's median sale price is 21% lower than the national average. Overall cost of living in New Orleans is 10% higher than the national average. Learn which home features in New Orleans add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the New Orleans housing market?
New Orleans is not very competitive. Homes sell in 105 days.
0
100
5
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 105 days.
Hot homes
can sell for around list price and go pending in around 50 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for New Orleans
Explore recent offers and recently sold homes in New Orleans
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Metairie Academy For Advanced Studies
Public • PreK-5
374
Students
11 reviews
9/10
Gretna No. 2 Academy For Advanced Studies
Public • PreK-5
362
Students
10 reviews
9/10
Belle Chasse Primary School
Public • 2-4
552
Students
7 reviews
8/10
J.C. Ellis Elementary School
Public • PreK-8
631
Students
10 reviews
7/10
Bonella A. St. Ville Elementary School
Public • PreK-5
417
Students
N/A
Only showing 5 of
28 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on New Orleans housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in New Orleans.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
New Orleans has an extreme risk of flooding. 107,201 properties in New Orleans are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in New Orleans. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
New Orleans has a moderate risk of wildfire. There are 15,165 properties in New Orleans that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in New Orleans.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
New Orleans has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. New Orleans is most at risk from hurricanes. 150,990 properties in New Orleans have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 233 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 246 mph.