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New Orleans-Metairie Housing Market

$237,968

1.7% 1-yr

The average New Orleans-Metairie home value is $237,968, down 1.7% over the past year and goes to pending in around 57 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-Metairie Key Takeaways

Typical Home Values: $237,968

1-year Value Change: -1.7%

(Data through March 31, 2025)

New Orleans-Metairie Housing Market Overview

--1-year Market Forecast
5,737For sale inventory(March 31, 2025)
1,135New listings(March 31, 2025)
0.972Median sale to list ratio(February 28, 2025)
$263,550Median sale price(February 28, 2025)
$311,667Median list price(March 31, 2025)
11.0%Percent of sales over list price(February 28, 2025)
71.9%Percent of sales under list price(February 28, 2025)
57Median 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.

Neighborhoods in Edgard

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New Orleans-Metairie Rental Market Trends

$1,645Average rent in New Orleans-Metairie(March 31, 2025)
$2,005National average rent(March 31, 2025)
0.5%Month-over-month change(March 31, 2025)
3.7%Year-over-year change(March 31, 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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