Is New Orleans, LA 70117 a buyer’s or seller’s market?
New Orleans is a buyer’s market. With about 11 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply11Under 4 months = seller’s market
Sold above original list4.5%Share of sales, last 3 months
Median sale-to-list93.8%Sold price ÷ list price
Median days on market89Listing to accepted offer
Median price per sq ft$162▲ +28.5% vs. last year
Run the numbers for 70117
Nearby markets
New Orleans 70112Buyer’s market $408 /sq ftNew Orleans 70113Buyer’s market $141 /sq ftNew Orleans 70114Buyer’s market $150 /sq ftNew Orleans 70115Seller’s market $342 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology