New - 6 hours on Rocket
$1,829 Closing Credit¹
#2484461, Rachel Silvers, Listing Office: Galiano Realty
Lower Ninth Ward Housing Market Report January 2025•Orleans County, Louisiana
Housing Prices in Lower Ninth Ward, LA
How much do homes in Lower Ninth Ward, LA cost?
Housing Market Conditions
Is Lower Ninth Ward, LA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lower Ninth Ward is a Buyer's Market
Difference Since January 2024
At the same time last year, Lower Ninth Ward was a Neutral Market.
Insight
Lower Ninth Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$171,000$123/SqFt
-$1,500
-0.9%
Based on all homes sold in the last 12 months
Insight
Homes in Lower Ninth Ward have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Lower Ninth Ward was $171,000 in January 2025, down 0.9% from last year, and the median price per square foot was $123.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Lower Ninth Ward | $172.5K | $171K | -0.9% |
| New Orleans East Area | $190K | $184.1K | -3.1% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $200K | N/A |
| 22 Bedrooms | $136K | $180K | +32.4% |
| 33 Bedrooms | $147K | $139.9K | -4.8% |
| 44 Bedrooms | $172.5K | $170K | -1.4% |
| 55+ Bedrooms | $267K | $324K | +21.3% |
Summary: Lower Ninth Ward housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +32.4%. The home price for 3 bedroom homes decreased by -4.8%. The home price for 4 bedroom homes decreased by -1.4%. The home price for 5 bedroom homes increased by +21.3%.
Housing supply in Lower Ninth Ward, LA
How many homes are available in Lower Ninth Ward, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 48Last MonthJan 2025 | ||
| 382 months agoDec 2024 | +26.3 % Change MoMDec – Jan |
Summary: The Lower Ninth Ward real estate market had 48 homes for sale in Jan 2025, a 26.3 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthJan 2025 | ||
| 12 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 2 | -33.3% |
| 33 Bedrooms | 10 | 12 | +20.0% |
| 44 Bedrooms | 11 | 13 | +18.2% |
| 55+ Bedrooms | 14 | 21 | +50.0% |
Summary: Lower Ninth Ward housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes increased by +18.2%. The inventory for 5 bedroom homes increased by +50.0%.
Asking Price vs. Sold Price
How much do homes in Lower Ninth Ward, LA cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Lower Ninth Ward, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lower Ninth Ward in January 2025, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Lower Ninth Ward, LA
How long does it take to sell a home in Lower Ninth Ward, LA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Lower Ninth Ward has remained consistent over time.
Summary: During January 2025, 1 homes were sold in Lower Ninth Ward; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 43 DaysThis YearJan 2025 | ||
| 92 Days1 year agoJan 2024 | -53.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Lower Ninth Ward had an average listing age of 43 days in Jan 2025, down by 53.4% compared to the previous year.
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Newest Listings in Lower Ninth Ward, LA
What homes are available in Lower Ninth Ward, LA?
New - 7 hours on Rocket
$4,156 Closing Credit¹
#2485601, Amanda Broussard, Listing Office: Broussard Realty Pros
New - 7 days on Rocket
$3,206 Closing Credit¹
#2484959, Melissa McClendon, Listing Office: Nola Home Realty Group
$2,908 Closing Credit¹
#2481098, Talyta Noronha, Listing Office: NOLA Living Realty
$4,988 Closing Credit¹
#2484291, Catherine Simon, Listing Office: Simon Brokerage, LLC
$2,969 Closing Credit¹
#2484336, Allen Thompson, Listing Office: United Real Estate Partners LLC
#2483526, Gizelda Toomer, Listing Office: McEnery Residential, LLC
#2483756, LaNiece Schexnayder, Listing Office: Star Realty
Backup offers
$2,969 Closing Credit¹
#2483419, Aaron Dare, Listing Office: Crane Real Estate Brokers
#2483670, Pauline Bowman, Listing Office: eXp Realty, LLC
#2483463, YANG SU, Listing Office: TUXOR REALTY
#2483451, YANG SU, Listing Office: TUXOR REALTY
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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: 2/6/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.