Is New Orleans, LA 70115 a buyer’s or seller’s market?

The New Orleans housing market right now

In the three months ending August 31, 2026, 16% of homes in New Orleans, LA 70115 sold above their list price, the typical home went under contract in 37 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 126 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (43 days then) and the median sale price held steady to $567,255. Overall, New Orleans is more competitive than a year ago, so tougher for buyers.

Within Orleans Parish, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 88%. On our competition score, New Orleans ranks #38 of 160 LA ZIP codes with enough sales (score 37 out of 100).

Nearby, buyers who want less competition could look at New Orleans 70128 (0% sold over asking) or New Orleans 70112 (0% sold over asking), while New Orleans 70125 (20% sold over asking) and New Orleans 70129 (19% sold over asking) are even more competitive.