New - 10 minutes on Rocket
$4,750 Closing Credit¹
#2486737, james broussard, Listing Office: KELLER WILLIAMS REALTY 455-0100
70118 Housing Market Report January 2025•Orleans County, Louisiana
Housing Prices in 70118, LA
How much do homes in 70118, LA cost?
Housing Market Conditions
Is 70118, LA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
70118 is a Buyer's Market
Difference Since January 2024
Since last year, 70118 has remained a Buyer's Market.
Insight
70118 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$430,000$239/SqFt
+$10,000
+2.4%
Based on all homes sold in the last 12 months
Insight
Homes in 70118 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 70118 was $430,000 in January 2025, up 2.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $188.7K | $126K | -33.2% |
| 22 Bedrooms | $364.2K | $400K | +9.8% |
| 33 Bedrooms | $493K | $429.5K | -12.9% |
| 44 Bedrooms | $434.9K | $502K | +15.4% |
| 55+ Bedrooms | $625K | $611.5K | -2.2% |
Summary: 70118 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -33.2%. The home price for 2 bedroom homes increased by +9.8%. The home price for 3 bedroom homes decreased by -12.9%. The home price for 4 bedroom homes increased by +15.4%. The home price for 5 bedroom homes decreased by -2.2%.
Housing supply in 70118, LA
How many homes are available in 70118, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 241Last MonthJan 2025 | ||
| 2172 months agoDec 2024 | +11.1 % Change MoMDec – Jan |
Summary: The 70118 real estate market had 241 homes for sale in Jan 2025, a 11.1 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 19Last MonthJan 2025 | ||
| 262 months agoDec 2024 | -26.9 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 6 | +50.0% |
| 22 Bedrooms | 42 | 43 | +2.4% |
| 33 Bedrooms | 64 | 67 | +4.7% |
| 44 Bedrooms | 58 | 71 | +22.4% |
| 55+ Bedrooms | 49 | 54 | +10.2% |
Summary: 70118 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +2.4%. The inventory for 3 bedroom homes increased by +4.7%. The inventory for 4 bedroom homes increased by +22.4%. The inventory for 5 bedroom homes increased by +10.2%.
Asking Price vs. Sold Price
How much do homes in 70118, LA cost?
Over Asking Price1 Home
At Asking Price2 Homes
Under Asking Price16 Homes
Insight
If you're buying a home in 70118, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 70118 in January 2025, down by 26.9% month-over-month. Of the 19 sold homes, 84% were sold under asking, 11% were sold at asking, and and 5% were sold over asking.
Days on Market for 70118, LA
How long does it take to sell a home in 70118, LA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days7 Homes
Over 90 Days5 Homes
Insight
Many homes in 70118 are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 19 homes were sold in 70118; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 81 DaysThis YearJan 2025 | ||
| 75 Days1 year agoJan 2024 | +7.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 70118 had an average listing age of 81 days in Jan 2025, up by 7.0% compared to the previous year.
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Newest Listings in 70118, LA
What homes are available in 70118, LA?
New - 1 hour on Rocket
#2485900, Elizabeth McNulty, Listing Office: LATTER & BLUM (LATT28)
New - 9 hours on Rocket
$3,800 Closing Credit¹
#2483275, Tara Loftis, Listing Office: Reese & Company Real Estate, LLC
New - 1 day on Rocket
$5,522 Closing Credit¹
#2485861, Olivia Ford, Listing Office: Upper Management Realty, LLC
New - 3 days on Rocket
$7,719 Closing Credit¹
#2483513, Robyn Bruno, Listing Office: Mirambell Realty
New - 3 days on Rocket
$5,344 Closing Credit¹
#2486013, Eleanor Farnsworth, Listing Office: LATTER & BLUM
New - 4 days on Rocket
$10,000 Closing Credit¹
#2486121, Carmen Duncan, Listing Office: RE/MAX N.O. Properties
New - 4 days on Rocket
$6,294 Closing Credit¹
#2486117, Karon Reese, Listing Office: Reese & Company Real Estate, LLC
New - 4 days on Rocket
$4,691 Closing Credit¹
#2485489, Arrianne Duhon, Listing Office: Duhon Realty LLC
New - 4 days on Rocket
$3,551 Closing Credit¹
#2479014, Richey Guy, Listing Office: EZ Realty, Inc.
New - 4 days on Rocket
$9,441 Closing Credit¹
#2485867, Sarah Ackerman, Listing Office: RE/MAX N.O. Properties
New - 5 days on Rocket
#2484528, Terrion Miller, Listing Office: Christian Shane Properties
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Based on information from ROAM MLS, for the period 02/01/2023 - 02/01/2025
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.