Is New Orleans, LA 70131 a buyer’s or seller’s market?
New Orleans is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Competition score18/ 100
More competitive than 11% of U.S. ZIP codes, and #119 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 supply5.6Under 4 months = seller’s market
Sold above original list13.8%Share of sales, last 3 months
Median sale-to-list96.5%Sold price ÷ list price
Median days on market105Listing to accepted offer
Median price per sq ft$124▼ −2.0% vs. last year
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Nearby markets
New Orleans 70112Buyer’s market $408 /sq ftNew Orleans 70113Buyer’s market $141 /sq ftNew Orleans 70114Buyer’s market $150 /sq ftNew Orleans 70115Seller’s market $342 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology