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All market snapshots / 70119

New Orleans, LA 70119 Housing Market

Data snapshot: August 3, 2026. Closed-sale window: last 6 months.
New Orleans, LA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.80
ActiveActive listings: 3030PendingPending sales: 2424
New Orleans, LA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $397k$397kSoldMedian sold price (last 6 months): $385k$385k
What homes actually sell for in New Orleans, LA
Distribution of 221 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $515k
$145k to $239k: 30 sales$145k$239k to $332k: 55 sales55sales$332k to $426k: 35 sales$332k$426k to $520k: 36 sales$520k to $614k: 17 sales$520k$614k to $708k: 12 sales$708k to $801k: 6 sales$708k$801k to $895k: 7 salesMedian $385k

What the numbers say

As of August 3, 2026, Resideline is tracking 30 active listings and 24 pending sales in ZIP code 70119. That pending-to-active ratio of 0.80 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $397,450, while the median of the 221 closed sales Resideline tracked over the last six months was $385,000. 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 70119 has been on the market for 2 days.

Frequently asked questions

What is the median home price in 70119?

The median closed sale price in New Orleans, LA 70119 was $385,000 over the last six months, based on 221 closed sales tracked by Resideline. The middle half of those sales ranged from $270,000 to $515,000.

Is 70119 a buyer's or seller's market?

Resideline is currently tracking 24 pending sales against 30 active listings in 70119, a pending-to-active ratio of 0.80. 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, 70119 currently looks like a seller's market.

Nearby ZIP code market data

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