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All market snapshots / 70122

New Orleans, LA 70122 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
New Orleans, LA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 8282PendingPending sales: 66
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): $302k$302kSoldMedian sold price (last 6 months): $280k$280k
What homes actually sell for in New Orleans, LA
Distribution of 225 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $208k to $370k
$90k to $156k: 16 sales$90k$156k to $221k: 38 sales$221k to $287k: 50 sales50sales$221k$287k to $352k: 43 sales$352k to $418k: 23 sales$352k$418k to $484k: 15 sales$484k to $549k: 7 sales$484k$549k to $615k: 11 salesMedian $280k

What the numbers say

As of October 5, 2026, Resideline is tracking 82 active listings and 6 pending sales in ZIP code 70122. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $302,000, while the median of the 225 closed sales Resideline tracked over the last six months was $279,900. 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. Resideline has been seeing the median active listing in 70122 for 85 days.

Frequently asked questions

What is the median home price in 70122?

The median closed sale price in New Orleans, LA 70122 was $279,900 over the last six months, based on 225 closed sales tracked by Resideline. The middle half of those sales ranged from $208,000 to $369,900.

Is 70122 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 82 active listings in 70122, a pending-to-active ratio of 0.07. 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, 70122 currently looks like a balanced market.

Nearby ZIP code market data

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