Secondary metropolitan market · Louisiana · June 2026 data

New Orleans Real Estate Market

The New Orleans, LA housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready New Orleans report in a click.

Median listing price
$299,000
▼ 8.0% YoY
Median $ / sq ft
$179
1,669 sq ft median
Median days on market
73
June 2026
Active listings
4,026
For sale now
New listings
930
June 2026
Listings with price cuts
19%
Share of active
Median sale price (closed)
$302,400
▲ 3.2% YoY · closed sales
Sale-to-list ratio
96.3%
Closed sales
Homes sold / month
1,154
Closed sales
Median listing price trend
$325K$318K$312K$306K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, New Orleans LA · trailing 8 quarters · source: public records and industry data.

The 10-year view
$347K$328K$308K$288K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, New Orleans LA · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
4,026
New this month
930
Pending
1,020
Price-reduced
781

As of June 2026, the median home listed in New Orleans, LA asks $299,000 — down 8.0% from a year ago. Homes are taking a median of 73 days to go under contract, and 19% of the 4,026 active listings have taken a price cut, which points to a balanced market. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
49/100
#473 of 932 covered metros
12-month outlook
-1.9%
Flat · model output, not advice
Price volatility
Low
σ 3.7% · 20-yr price-index swings
Momentum
41
Value
78
Rental yield
87
Supply risk
85
Market heat
19

New Orleans scores 49/100 on our composite Investor Score (#473 of 932 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 5.3%; active inventory sits at 138% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 8.0% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

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.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,348/mo
−$153/mo vs today
At today's rate · 6.43%
$1,501/mo
National weekly average
If rates rise 1% · 7.43%
$1,661/mo
+$160/mo vs today

Principal & interest on the $299,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
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)
-0.5%
▼ 473.1k nonfarm jobs · May 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.

New Orleans market news

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 market FAQs

What is the median home price in New Orleans?
As of June 2026, the median listing price in New Orleans, LA is $299,000, down 8.0% year over year (source: public records and industry data).
How fast are homes selling in New Orleans?
The median property in New Orleans spends 73 days on the market, with 4,026 homes actively listed and 19% of them carrying a price cut — a balanced market by pace.
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.
Based on public records and industry data, June 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.