Is New Orleans, LA 70122 a buyer’s or seller’s market?

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

New Orleans is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.5Under 4 months = seller’s market

Sold above original list9.5%Share of sales, last 3 months

Median sale-to-list96.4%Sold price ÷ list price

Median days on market64Listing to accepted offer

Median price per sq ft$161▲ +0.3% vs. last year

Run the numbers for 70122

Prefilled for 70122Can I win this house?Multiple-offer likelihood for a listing Prefilled for 70122Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

New Orleans 70112Buyer’s market $408 /sq ft New Orleans 70113Buyer’s market $141 /sq ft New Orleans 70114Buyer’s market $150 /sq ft New 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