Is New Orleans, LA 70127 a buyer’s or seller’s market?

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

New Orleans is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.8Under 4 months = seller’s market

Sold above original list11.1%Share of sales, last 3 months

Median sale-to-list96.9%Sold price ÷ list price

Median days on market60Listing to accepted offer

Median price per sq ft$113▲ +14.5% vs. last year

Run the numbers for 70127

Prefilled for 70127Can I win this house?Multiple-offer likelihood for a listing Prefilled for 70127Over-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