New Orleans, LA metro area: housing market report

Updated 10/26/2026

Verified monthly housing data for New Orleans, LA metro area. The national median sale price for the same period was $393,895; neither median describes a specific home.

  • Median sale price: $286,841 (+0.7% year over year)
  • Closed sales: 963 (-5.8% year over year)
  • Inventory: 5,595 (-3.5% year over year)
  • Median days on market: 63 (+3 days year over year)

For buyers: Inventory changed -3.5% while marketing time changed +3 days. These mixed or flat signals call for checking the competition in your price range.

For sellers: The median sale price changed +0.7% year over year. This is a market mix measure, not an estimate of your home’s appreciation; review comparable properties.

Six-month trend

Monthly observations; price is the median sale price in dollars.
MonthPriceSalesDays
2026-04$302,0001,05369
2026-05$299,5001,05565
2026-06$300,00099165
2026-07$299,00097665
2026-08$300,0001,00663
2026-09$286,84196363

Reporting period: 2026-09-01 through 2026-09-30. Source revised: 2026-10-07. Retrieved: 2026-10-26. Source geography: New Orleans, LA metro area (ID 35380).

Source: Redfin Data Center monthly download. Source methodology.

How to read these figures

Redfin monthly All Residential, all construction; seasonally adjusted where available, except median sale price (not seasonally adjusted). Redfin Metro boundaries can be metro divisions or smaller statistical areas; these are not city limits. Census region follows the first state in the source label for cross-state areas. Monthly data can be revised; weekly publication does not imply weekly measurements.

National market update · Compare real estate agents · Check affordability

About the Author

Written by Jim Gruler, Arizona Licensed Real Estate Broker and Co-Founder of Seeking Agents®. Jim has more than 18 years of real estate experience and helps create educational resources for buyers and sellers navigating the home buying and selling process.

Seeking Agents® is a Phoenix-based platform that helps buyers and sellers compare real estate agents, service offerings, and commission options. Seeking Agents® is not a brokerage and does not provide legal, financial, mortgage, or tax advice.

Last updated: 10/26/2026