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Central City Housing Market Report May 2025•Orleans County, Louisiana
Housing Prices in Central City, LA
How much do homes in Central City, LA cost?
Housing Market Conditions
Is Central City, LA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Central City is a Buyer's Market
Difference Since May 2024
Since last year, Central City has remained a Buyer's Market.
Insight
Central City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$254,200$231/SqFt
-$59,300
-18.9%
Based on all homes sold in the last 12 months
Insight
Homes in Central City have sold for 18.9% less than they did a year ago.
Summary: The median home sold price in Central City was $254,200 in May 2025, down 18.9% from last year, and the median price per square foot was $231.
Median Sold Price By Neighborhoods
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Milan | $407K | $428.7K | +5.3% |
| Garden District | $860.3K | $800K | -7.0% |
| Central Business District | $455K | $389K | -14.5% |
| Lower Garden District | $374K | $316.5K | -15.4% |
| Central City | $313.5K | $254.2K | -18.9% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $200K | $198K | -1.0% |
| 22 Bedrooms | $415K | $550K | +32.5% |
| 33 Bedrooms | $305K | $241K | -21.0% |
| 44 Bedrooms | $322K | $299K | -7.1% |
| 55+ Bedrooms | $545K | $275K | -49.5% |
Summary: Central City housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.0%. The home price for 2 bedroom homes increased by +32.5%. The home price for 3 bedroom homes decreased by -21.0%. The home price for 4 bedroom homes decreased by -7.1%. The home price for 5 bedroom homes decreased by -49.5%.
How does Central City, LA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Central City, LA
Housing supply in Central City, LA
How many homes are available in Central City, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 68Last MonthMay 2025 | ||
| 672 months agoApr 2025 | +1.5 % Change MoMApr – May |
Summary: The Central City real estate market had 68 homes for sale in May 2025, a 1.5 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthMay 2025 | ||
| 62 months agoApr 2025 | -50.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 9 | 8 | -11.1% |
| 22 Bedrooms | 15 | 15 | 0.0% |
| 33 Bedrooms | 26 | 24 | -7.7% |
| 44 Bedrooms | 7 | 8 | +14.3% |
| 55+ Bedrooms | 10 | 13 | +30.0% |
Summary: Central City housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -11.1%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -7.7%. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes increased by +30.0%.
Asking Price vs. Sold Price
How much do homes in Central City, LA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Central City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Central City in May 2025, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Central City, LA
How long does it take to sell a home in Central City, LA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days1 Home
Insight
Avg time on Rocket Homes in Central City has remained consistent over time.
Summary: During May 2025, 3 homes were sold in Central City; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 114 DaysThis YearMay 2025 | ||
| 8 Days1 year agoMay 2024 | +1325.0 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Central City had an average listing age of 114 days in May 2025, up by 1325.0% compared to the previous year.
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Newest Listings in Central City, LA
What homes are available in Central City, LA?
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MLS Disclaimers and Copyright
Based on information from ROAM MLS, for the period 06/01/2023 - 06/01/2025
Disclaimer: Copyright © 2025, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site. The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.
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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: 6/11/2025, 11:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.