Is New Orleans, LA 70123 a buyer’s or seller’s market?

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

New Orleans is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score25/ 100

More competitive than 20% of U.S. ZIP codes, and #89 of 160 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply4.1Under 4 months = seller’s market

Sold above original list12.7%Share of sales, last 3 months

Median sale-to-list95.9%Sold price ÷ list price

Median days on market54Listing to accepted offer

Median price per sq ft$187▼ −5.1% vs. last year

Run the numbers for 70123

Prefilled for 70123Can I win this house?Multiple-offer likelihood for a listing Prefilled for 70123Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

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 →

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More tools for 70123

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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