50 minutes on Rocket
$974 Closing Credit¹
#2490378, G Carl Scheibe, Listing Office: Homesmart Realty South
New Orleans Housing Market Report March 2025•Orleans County, Louisiana
Housing Prices in New Orleans, LA
How much do homes in New Orleans, LA cost?
Housing Market Conditions
Is New Orleans, LA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
New Orleans is a Buyer's Market
Difference Since March 2024
At the same time last year, New Orleans was a Seller's Market.
Insight
New Orleans is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$329,791$191/SqFt
+$3,270
+1.0%
Based on all homes sold in the last 12 months
Insight
Homes in New Orleans have sold for 1% more than they did a year ago.
Summary: The median home sold price in New Orleans was $329,791 in March 2025, up 1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $241K | $239K | -0.8% |
| 22 Bedrooms | $287.7K | $288.3K | 0.2% |
| 33 Bedrooms | $314.4K | $303.6K | -3.4% |
| 44 Bedrooms | $355K | $377.4K | +6.3% |
| 55+ Bedrooms | $435K | $483.7K | +11.2% |
Summary: New Orleans housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.8%. The home price for 2 bedroom homes increased by 0.2%. The home price for 3 bedroom homes decreased by -3.4%. The home price for 4 bedroom homes increased by +6.3%. The home price for 5 bedroom homes increased by +11.2%.
How does New Orleans, LA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
New Orleans, LA
Housing supply in New Orleans, LA
How many homes are available in New Orleans, LA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3,194Last MonthMar 2025 | ||
| 2,7822 months agoFeb 2025 | +14.8 % Change MoMFeb – Mar |
Summary: The New Orleans real estate market had 3,194 homes for sale in Mar 2025, a 14.8 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 234Last MonthMar 2025 | ||
| 2712 months agoFeb 2025 | -13.7 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 184 | 192 | +4.3% |
| 22 Bedrooms | 432 | 507 | +17.4% |
| 33 Bedrooms | 903 | 1,041 | +15.3% |
| 44 Bedrooms | 701 | 819 | +16.8% |
| 55+ Bedrooms | 562 | 635 | +13.0% |
Summary: New Orleans housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +4.3%. The inventory for 2 bedroom homes increased by +17.4%. The inventory for 3 bedroom homes increased by +15.3%. The inventory for 4 bedroom homes increased by +16.8%. The inventory for 5 bedroom homes increased by +13.0%.
Asking Price vs. Sold Price
How much do homes in New Orleans, LA cost?
Over Asking Price27 Homes
At Asking Price40 Homes
Under Asking Price167 Homes
Insight
If you're buying a home in New Orleans, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 234 homes were sold or pending in New Orleans in March 2025, down by 13.7% month-over-month. Of the 234 sold homes, 71% were sold under asking, 17% were sold at asking, and and 12% were sold over asking.
Days on Market for New Orleans, LA
How long does it take to sell a home in New Orleans, LA?
Breakdown of Home Sale Times
Under 30 Days99 Homes
30 – 90 Days57 Homes
Over 90 Days78 Homes
Insight
Many homes in New Orleans are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 234 homes were sold in New Orleans; 42% of homes were sold within 30 days, 24% 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 |
|---|---|---|
| 78 DaysThis YearMar 2025 | ||
| 68 Days1 year agoMar 2024 | +15.3 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in New Orleans had an average listing age of 78 days in Mar 2025, up by 15.3% compared to the previous year.
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Newest Listings in New Orleans, LA
What homes are available in New Orleans, LA?
3 hours on Rocket
$1,793 Closing Credit¹
#2498699, Patrice Serino, Listing Office: Serino Realty Group, LLC
3 hours on Rocket
$3,658 Closing Credit¹
#2498496, Barret Blondeau, Listing Office: Falaya
5 hours on Rocket
$2,850 Closing Credit¹
#2498706, Deneka Desroches, Listing Office: Divine Realty Consultants
6 hours on Rocket
#2498553, Cherie Bolner, Listing Office: Mark Herman Real Estate, LLC
6 hours on Rocket
$469 Closing Credit¹
#2498687, Peter Ingrassia, Listing Office: LATTER & BLUM (LATT10)
7 hours on Rocket
$10,000 Closing Credit¹
#2498685, Josline Frank, Listing Office: Russell Frank Realty Group, L.L.C.
8 hours on Rocket
$1,188 Closing Credit¹
#2497589, Lakeisha Harvey, Listing Office: The Pellerin Group NOLA LLC
8 hours on Rocket
$3,088 Closing Credit¹
#2498537, Florestine Clark, Listing Office: Essential Living Realty LLC
13 hours on Rocket
$3,313 Closing Credit¹
#2498601, Vickie Mumphrey, Listing Office: KELLER WILLIAMS REALTY 455-0100
13 hours on Rocket
$6,650 Closing Credit¹
#2498178, Tracey Moore, Listing Office: REVE, REALTORS
13 hours on Rocket
$8,253 Closing Credit¹
#2497304, Cat Wilkinson, Listing Office: FQR Realtors
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MLS Disclaimers and Copyright
Based on information from ROAM MLS, and Acadiana MLS for the period 04/01/2023 - 04/01/2025
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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: 4/26/2025, 7:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTORS® Association of Acadiana’s MLS. Real Estate listings held by other brokerage firms are marked with the MLS approved icon for IDX. The materials contained within this page may not be reproduced without the express written consent of The Realtor® Association of Acadiana. The information contained within this page is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. The materials contained within this page may not be reproduced without the express written consent of this broker. Some real estate firms do not participate in Internet Data Exchange® and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Some or all of the listings displayed may not belong to the firm whose web site is being visited. Copyright 2025 the REALTORS® Association of Acadiana. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.