Is New Orleans, LA 70124 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

New Orleans is a seller’s market. With about 3.5 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score30/ 100

More competitive than 26% of U.S. ZIP codes, and #70 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 supply3.5Under 4 months = seller’s market

Sold above original list13.3%Share of sales, last 3 months

Median sale-to-list96.6%Sold price ÷ list price

Median days on market54Listing to accepted offer

Median price per sq ft$257▲ +3.4% vs. last year

Run the numbers for 70124

Prefilled for 70124Can I win this house?Multiple-offer likelihood for a listing Prefilled for 70124Over-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 →

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More tools for 70124

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