| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $287,000 | -8.8% YoY |
| Median price per sq ft | $174 | 1,637 sq ft median |
| Median days on market | 80 | -3% YoY |
| Active listings | 3,892 | 0% YoY |
| New listings this month | 892 | September 2026 |
| Listings with a price cut | 19% | Share of active |
| Median sale price (closed) | $299,000 | +6.8% YoY · closed sales, July 2026 |
| Sale-to-list ratio | n/a | Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio |
| Pending-to-active ratio | 21.8% | 850 pending |
| Inventory vs 2019 | 128% | Active listings vs same month in 2019 |
| Gross rental yield | 5.5% | 2BR fair market rent |
Secondary metropolitan market · Louisiana · September 2026 data
What is the New Orleans, LA real estate market doing?
As of September 2026, the median home listed in New Orleans, LA asks $287,000, down 8.8% year over year. Homes spend a median of 80 days on market, with 3,892 active listings and 19% carrying a price cut; pending contracts equal 22% of active listings, and inventory sits at 128% of the same month in 2019 — a buyer's market. Estimated gross rental yield on the median listing is 5.5%. Figures come from public records and industry data, updated monthly.
Median listing price
$287,000
▼ 8.8% YoY
Median $ / sq ft
$174
1,637 sq ft median
Median days on market
80
September 2026
Active listings
3,892
For sale now
New listings
892
September 2026
Listings with price cuts
19%
Share of active
Inventory vs 2019
128%
Same month, 2019 = 100
Pending / active
22%
Contract activity
Median sale price (closed)
$299,000
▲ 6.8% YoY · closed sales · July 2026
Sale-to-list ratio
n/a
Non-disclosure state: sale prices are not public record, so WealthyBud does not show or rank this ratio
Homes sold / month
973
Closed sales · July 2026, seasonally adjusted
What is the New Orleans, LA housing market doing right now?
The New Orleans, LA housing market lists at a $287,000 median as of September 2026, down 8.8% year over year, with an 80-day median market time and 3,892 homes for sale (19% with a price cut). Active inventory is 128% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 5.5%.
New Orleans housing market statistics
The table summarizes New Orleans's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for New Orleans.
How have home prices changed in New Orleans?
New Orleans home prices are down 8.8% year over year and -1.0% month over month as of September 2026, at a $287,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, New Orleans LA · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, New Orleans LA · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in New Orleans?
New Orleans has 3,892 active listings, 892 new this month, 850 pending as of September 2026. About 19% of active listings have cut their price, and inventory sits at 128% of its 2019 level — a buyer's market by pace.
Is New Orleans a good real estate investment?
New Orleans scores 52/100 on WealthyBud's composite Investor Score, ranking #415 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
52/100
#415 of 933 covered metros
Price volatility
Low
σ 3.7% · 20-yr price-index swings
New Orleans scores 52/100 on our composite Investor Score (#415 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 17% over five years and +42% over ten, leaving prices 7% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,323/mo for a two-bedroom, the gross rental yield on the median listing is about 5.5%; active inventory sits at 128% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 8.8% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how New Orleans ranks on the trending markets index.
How much is a monthly mortgage payment in New Orleans?
A home at New Orleans's $287,000 median listing runs about $1,571 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$1,418/mo
−$153/mo vs today
At today's rate · 7.28%
$1,571/mo
National weekly average
If rates rise 1% · 8.28%
$1,730/mo
+$159/mo vs today
Principal & interest on the $287,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in New Orleans?
To buy New Orleans’s $287,000 median listing with 20% down, a household needs about $73,000 a year in gross income, keeping principal, interest and property tax ($1,712/mo) at 28% of income. That is 1.2× the area’s $62,271 median household income, so a typical New Orleans household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $287,000 | September 2026 |
| Down payment (20%) | $57,400 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $1,571/mo | Rate as of 2026-10-01 |
| Property tax (0.59% effective rate) | $141/mo | Census ACS |
| Income needed (28% rule) | $73,000 | Gross household income / yr |
| Median household income | $62,271 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the New Orleans housing market?
Longer-run demand in New Orleans shows up in 1,580 homes permitted in 2025; net migration of -9,597 residents; +0.3% job growth. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
1,580
▼ 2.9% vs 2024
1.6 per 1,000 residents
Net migration (2022–2023)
-9,597
▼ people, via tax-return records
net income flow −$408.6M/yr
Job growth (YoY)
+0.3%
▲ 470.3k nonfarm jobs · August 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Hurricane
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest New Orleans real estate news?
Zillow's updated home price forecast for over 400 housing marketsResiClub · 2026-06-30→Cities With the Fastest-growing Home Prices in LouisianaStacker · 2026-06-29→Real Estate Market Trends in New Orleans, LA: Prices FallRealtor.com · 2026-06-06→Are homes selling in New Orleans in 2026?westcentralsbest.com · 2026-06-25→
New Orleans' housing market shows mixed signals with price forecasts, growth rates, and reported price falls. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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New Orleans by ZIP code
Median price, pace and inventory for 24 New Orleans ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in New Orleans
The highest-producing real estate agents in New Orleans, ranked by recent sales.
View DirectoryTop teams
The groups setting production records nationwide.
View LicensingGet licensed in Louisiana
Hours, exam and the commission that regulates Louisiana agents.
Read IncomeAgent salary in Louisiana
What real estate agents actually earn across Louisiana.
ReadNew Orleans housing market FAQ
What is the median home price in New Orleans?
As of September 2026, the median listing price in New Orleans, LA is $287,000, down 8.8% year over year (source: public records and industry data).
How much does it cost to buy a home in New Orleans?
The median home listed in New Orleans asks $287,000 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,571 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in New Orleans?
The median property in New Orleans spends 80 days on the market, with 3,892 homes actively listed and 19% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in New Orleans?
With a median 80 days on market and 19% of active listings carrying a price cut, pending contracts at 22% of active listings, New Orleans reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is New Orleans a good place to invest in real estate?
New Orleans scores 52/100 on WealthyBud's Investor Score, ranking #415 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in New Orleans?
See WealthyBud directories for the top-producing agents, teams and brokerages serving New Orleans and the wider Louisiana market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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