New Orleans, LA 70118 Housing Market
- Active listings32currently for sale
- Pending sales26under contract
- Median asking price$332,000current listings
- Inventory age2 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)218a tracked sample, not a market total
- Median sold price$475,000last 6 months
- Middle half of sold prices$299k to $729k25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 32 active listings and 26 pending sales in ZIP code 70118. That pending-to-active ratio of 0.81 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.
The median asking price of current listings is $332,000, while the median of the 218 closed sales Resideline tracked over the last six months was $475,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. The median active listing in 70118 has been on the market for 2 days.
Frequently asked questions
What is the median home price in 70118?
The median closed sale price in New Orleans, LA 70118 was $475,000 over the last six months, based on 218 closed sales tracked by Resideline. The middle half of those sales ranged from $299,000 to $729,000.
Is 70118 a buyer's or seller's market?
Resideline is currently tracking 26 pending sales against 32 active listings in 70118, a pending-to-active ratio of 0.81. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 70118 currently looks like a seller's market.