New Orleans, LA metro area Housing Market
Cold MarketComprehensive housing market data for the New Orleans, LA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$290K
↑ 1.8% YoY
Days on Market
80 days
↑ 1.3% YoY
Active Inventory
5,479
↓ 9.3% YoY
Homes Sold
1,013
↑ 14.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
New Orleans, LA metro area Market Summary
The New Orleans, LA metro area housing market is cooling down. As of March 2026, the median home sale price is $290K, up 1.8% year-over-year. Homes are spending a median of 80 days on the market, 1.3% longer than a year ago.
There are 5,479 homes for sale — 9.3% fewer than last year. With 5.4 months of supply, this is a balanced market. 1,735 new listings were added during this period, up 0.1% year-over-year.
Homes are selling for 96.4% of their list price on average, suggesting room for negotiation. 12.2% of homes sell above their asking price. 28.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
86
Contributing Factors
How This Market Compares
vs. National Median
vs. Louisiana Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 34% below the national median, which could indicate stronger cash flow potential.
New Orleans, LA metro area Market Trends
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Detailed Market Metrics
Median List Price
$329K
Price per Sq Ft
$165
Sale-to-List Ratio
96.4%
Months of Supply
5.4
Sold Above List
12.2%
Price Drops
28.6%
New Listings
1,735
↑ 0.1% YoY
Pending Sales
1,457
Off Market in 2 Weeks
28.3%
Other Markets in Louisiana
Baton Rouge, LA metro area
$269K · 64d on market
Lafayette, LA metro area
$238K · 77d on market
Shreveport, LA metro area
$240K · 80d on market
Lake Charles, LA metro area
$235K · 99d on market
Houma, LA metro area
$196K · 94d on market
Monroe, LA metro area
$250K · 35d on market
Hammond, LA metro area
$250K · 85d on market
Alexandria, LA metro area
$185K · 71d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.