The New Orleans housing market is not very competitive. Over the three months, homes in New Orleans receive 1 offers on average and sell in around 65 days. The median sale price of a home in New Orleans was $340K over the last 3 months, down 1.5% since the same period last year. The median sale price per square foot in New Orleans is $187, down 2.6% since last year.
What is the housing market like in New Orleans today?
Over the three months ending August 2026, New Orleans home prices were down 1.5% compared to the same period last year, selling for a median price of $340K. On average, homes in New Orleans sell after 65 days on the market compared to 74 days last year. There were 1,008 homes sold in August this year, unchanged from 1,008 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$339,775
-1.5% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
New Orleans, LA
$339,775
-1.5%
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 14% lower than the national average. Overall cost of living in New Orleans is 14% higher than the national average. Learn which home features in New Orleans add value to a home.
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How hot is the New Orleans housing market?
New Orleans is not very competitive. Homes sell in 67 days.
0
100
15
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 4% below list price and go pending in around 67 days.
Hot homes
can sell for around list price and go pending in around 21 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
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.
Flood Factor - Major
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
New Orleans has a major risk of flooding. 29,592 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.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
New Orleans has a moderate risk of wildfire. There are 22,760 properties in New Orleans that have some risk of being affected by wildfire over the next 30 years. This represents 15% 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. 151,215 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.