Is New Orleans, LA 70145 a buyer’s or seller’s market?
New Orleans is a buyer’s market. With about 8.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The New Orleans housing market right now
In the three months ending August 31, 2026, 0% of homes in New Orleans, LA 70145 sold above their list price, the typical home went under contract in 45 days and there were 8.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (101 days then) and the median sale price fell 20% to $324,859. Overall, New Orleans is less competitive than a year ago, which gives buyers more room.
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Where New Orleans is
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Questions about New Orleans real estate
Is New Orleans a buyer’s or seller’s market?
A buyer’s market: there were 8.7 months of supply in New Orleans, LA 70145 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Orleans?
The typical home went under contract in 45 days in the latest three months.
Do homes in New Orleans sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.0% of the list price.
What is the median home price in New Orleans?
The median sale price was $324,859 in the three months ending August 31, 2026, about $145 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology