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All market snapshots / 70124

New Orleans, LA 70124 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: 0.11
ActiveActive listings: 5353PendingPending 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): $499k$499kSoldMedian sold price (last 6 months): $525k$525k
What homes actually sell for in New Orleans, LA
Distribution of 207 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $375k to $799k
$245k to $382k: 45 sales$245k$382k to $519k: 47 sales47sales$519k to $656k: 37 sales$519k$656k to $792k: 16 sales$792k to $929k: 22 sales$792k$929k to $1.07M: 8 sales$1.07M to $1.2M: 4 sales$1.07M$1.2M to $1.34M: 7 salesMedian $525k

What the numbers say

As of October 5, 2026, Resideline is tracking 53 active listings and 6 pending sales in ZIP code 70124. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $499,000, while the median of the 207 closed sales Resideline tracked over the last six months was $525,000. 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. Resideline has been seeing the median active listing in 70124 for 75 days.

Frequently asked questions

What is the median home price in 70124?

The median closed sale price in New Orleans, LA 70124 was $525,000 over the last six months, based on 207 closed sales tracked by Resideline. The middle half of those sales ranged from $375,000 to $799,000.

Is 70124 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 53 active listings in 70124, a pending-to-active ratio of 0.11. 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, 70124 currently looks like a balanced market.

Nearby ZIP code market data

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