New Orleans, LA Housing Market
Cold MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the New Orleans, LA metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $302K
- Median days on market
- 53 days
- Months of supply
- 4.8
- Active inventory
- 5,552
- Homes sold
- 1,154
- Sale-to-list ratio
- 96.3%
- Listings with price drop
- 29.0%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Cooling
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation · BRRRR
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
New Orleans, LA market summary
The New Orleans, LA metro area housing market is cooling down. As of May 2026, the median home sale price is $302K, up 3.2% year-over-year. Homes are spending a median of 53 days on the market, 1.9% shorter than a year ago.
There are 5,552 homes for sale — 11.7% fewer than last year. With 4.8 months of supply, this is a balanced market. 1,516 new listings were added during this period, down 10.8% year-over-year.
Homes are selling for 96.3% of their list price on average, suggesting room for negotiation. 12.9% of homes sell above their asking price. 29.0% 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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 33% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
New Orleans, LA market trends
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Detailed market metrics
Median list price
$311K
Price per sq ft
$168
Sale-to-list ratio
96.3%
Months of supply
4.8
Sold above list
12.9%
Price drops
29.0%
New listings
1,516
↓ 10.8% YoY
Pending sales
1,296
Off market in 2 weeks
27.1%
New Orleans, LA housing market FAQs
What is the median home price in New Orleans, LA?
For the latest published month, the median sale price in New Orleans, LA is $302K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is New Orleans, LA a buyer's or seller's market?
With about 4.8 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.
How long do homes stay on the market in New Orleans, LA?
For the latest published month, the median days on market in New Orleans, LA is 53 days — half of homes went pending faster and half slower.
Is New Orleans, LA good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. New Orleans, LA can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in New Orleans, LA?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for New Orleans, LA deals.
Compare more Louisiana metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Baton Rouge, LA
$283K · 51d on market
Lafayette, LA
$239K · 49d on market
Shreveport, LA
$246K · 56d on market
Lake Charles, LA
$240K · 56d on market
Houma, LA
$225K · 70d on market
Monroe, LA
$257K · 28d on market
Hammond, LA
$237K · 63d on market
Alexandria, LA
$227K · 25d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a New Orleans, LA deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.