Is New Orleans, LA 70121 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

New Orleans is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.4Under 4 months = seller’s market

Sold above original list5.6%Share of sales, last 3 months

Median sale-to-list94.1%Sold price ÷ list price

Median days on market81Listing to accepted offer

Median price per sq ft$175▼ −7.0% vs. last year

Run the numbers for 70121

Prefilled for 70121Can I win this house?Multiple-offer likelihood for a listing Prefilled for 70121Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Barataria 70036Buyer’s market $151 /sq ft Grand Isle 70358Buyer’s market $169 /sq ft Gretna 70053Balanced $148 /sq ft Gretna 70056Balanced $137 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology