New Orleans, LA Housing Market 2026: What Homes Actually Sell For

New Orleans produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 2,057
• •Median sold price, last 6 months: $350,000
• •Median sold $/sqft, last 6 months: $202
• •Middle half of sales closed between: $225,000 and $565,000

What the numbers say

Resideline tracked 2,057 closed sales in New Orleans over the last six months, with a median closing price of $350,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $225,000 and $565,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. The large tracked sample provides substantial market-level evidence. Across the 2,049 closings with usable living area, the middle half sold between $132 and $300 per square foot.

Figures last updated October 3, 2026 from closings Resideline tracked.

Median home price in New Orleans, LA (October 2026)

The median home price in New Orleans is $350,000, measured across the 2,057 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $225,000 and $565,000.

Where New Orleans sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in New Orleans over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $225,000 and $565,000. Among the 28 Louisiana markets with a published band, New Orleans's middle-half spread ($225,000 to $565,000) ranks 28th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 92nd percentile of the 2,230 US markets in Resideline's national Market Watch set, on data as of October 3, 2026.

How long a sale takes here

• •Listed to under contract: a median of 34 days, across 1,103 New Orleans closings Resideline tracked in the last six months
• •Contract to closing: a median of 30 days, across 789 New Orleans closings Resideline tracked in the last six months

The New Orleans angle

New Orleans has a closed-sale band wider than most markets we track, and the shape is lopsided: across 2,057 closings Resideline tracked over the last six months, the median closed sale price was $350,000, with the middle half closing between $225,000 and $565,000, and considerably more of that range sitting above the median than below it. A citywide anchor is therefore weakest exactly where the money is, on upper-tier properties. Build every estimate from comps matched on size, bed count and property type, and be sceptical of any figure derived by adjusting a citywide median.

New Orleans market data by ZIP code

Citywide medians hide block-by-block variation. Resideline publishes free, regularly refreshed market snapshots for New Orleans ZIP codes: 70115 · 70122 · 70124 · 70119 · 70118 · 70117.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator, rehab cost estimator, BRRRR calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale, so it cannot be revised once the sale price is known. Grading it is a different matter in Louisiana: because sale prices are not public record here, a confirmed closing price reaches us for only a small share of Louisiana homes, and most Louisiana estimates stay frozen and ungraded. The accuracy scoreboard is therefore a national record rather than a Louisiana one. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any New Orleans address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: New Orleans, LA
Geography: incorporated municipality, Census place 2255000
Data updated: October 2026
Analysis period: last six months
Tracked closings: 2,057
Median sold price: $350,000
Median sold $/sqft: $202 (2,049 qualifying)
https://resideline.com/blog/new-orleans-housing-market-2026

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<a href="https://resideline.com/blog/new-orleans-housing-market-2026">
  <img src="https://resideline.com/images/embed/new-orleans.png" alt="New Orleans, LA home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
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<p>Source: <a href="https://resideline.com/blog/new-orleans-housing-market-2026">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in New Orleans over the last six months, and is refreshed when the data is.