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New Orleans, LA Housing Market

$237,012

3.4% 1-yr

The average New Orleans, LA home value is $237,012, down 3.4% over the past year and goes to pending in around 76 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

New Orleans Key Takeaways

Typical Home Values: $237,012

1-year Value Change: -3.4%

(Data through March 31, 2025)

New Orleans Housing Market Overview

--1-year Market Forecast
2,105For sale inventory(March 31, 2025)
370New listings(March 31, 2025)
0.966Median sale to list ratio(February 28, 2025)
$305,953Median sale price(February 28, 2025)
$348,300Median list price(March 31, 2025)
9.8%Percent of sales over list price(February 28, 2025)
76.2%Percent of sales under list price(February 28, 2025)
76Median days to pending(March 31, 2025)
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

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New Orleans Rental Market Trends

$1,702Average rent in New Orleans(April 30, 2025)
$2,024National average rent(April 30, 2025)
-0.0%Month-over-month change(April 30, 2025)
2.6%Year-over-year change(April 30, 2025)
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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