New - 2 hours on Rocket
$3,384 Closing Credit¹
Jeri Wheeler, Listing Office: REVE, REALTORS
New Orleans Housing Market Report December 2024•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 December 2023
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
$325,680$190/SqFt
-$3,687
-1.1%
Based on all homes sold in the last 12 months
Insight
Homes in New Orleans have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in New Orleans was $325,680 in December 2024, down 1.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $249.5K | $239K | -4.2% |
| 22 Bedrooms | $299.7K | $295K | -1.6% |
| 33 Bedrooms | $310.2K | $299.9K | -3.3% |
| 44 Bedrooms | $359.5K | $372K | +3.5% |
| 55+ Bedrooms | $435.1K | $464.1K | +6.7% |
Summary: New Orleans housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -4.2%. The home price for 2 bedroom homes decreased by -1.6%. The home price for 3 bedroom homes decreased by -3.3%. The home price for 4 bedroom homes increased by +3.5%. The home price for 5 bedroom homes increased by +6.7%.
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 |
|---|---|---|
| 2,821Last MonthDec 2024 | ||
| 2,8072 months agoNov 2024 | 0.5 % Change MoMNov – Dec |
Summary: The New Orleans real estate market had 2,821 homes for sale in Dec 2024, a .5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 276Last MonthDec 2024 | ||
| 2552 months agoNov 2024 | +8.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 180 | 183 | +1.7% |
| 22 Bedrooms | 469 | 461 | -1.7% |
| 33 Bedrooms | 892 | 912 | +2.2% |
| 44 Bedrooms | 717 | 710 | -1.0% |
| 55+ Bedrooms | 549 | 555 | +1.1% |
Summary: New Orleans housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +1.7%. The inventory for 2 bedroom homes decreased by -1.7%. The inventory for 3 bedroom homes increased by +2.2%. The inventory for 4 bedroom homes decreased by -1.0%. The inventory for 5 bedroom homes increased by +1.1%.
Asking Price vs. Sold Price
How much do homes in New Orleans, LA cost?
Over Asking Price26 Homes
At Asking Price46 Homes
Under Asking Price204 Homes
Insight
If you're buying a home in New Orleans, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 276 homes were sold or pending in New Orleans in December 2024, up by 8.2% month-over-month. Of the 276 sold homes, 74% were sold under asking, 17% were sold at asking, and and 9% 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 Days107 Homes
30 – 90 Days89 Homes
Over 90 Days80 Homes
Insight
Many homes in New Orleans are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 276 homes were sold in New Orleans; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 74 DaysThis YearDec 2024 | ||
| 66 Days1 year agoDec 2023 | +12.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in New Orleans had an average listing age of 74 days in Dec 2024, up by 12.0% compared to the previous year.
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Newest Listings in New Orleans, LA
What homes are available in New Orleans, LA?
New - 5 hours on Rocket
$3,147 Closing Credit¹
Baxter Stewart, Listing Office: Collab Realty, LLC
New - 6 hours on Rocket
$3,444 Closing Credit¹
Susan Saia, Listing Office: RE/MAX N.O. Properties
New - 6 hours on Rocket
$10,000 Closing Credit¹
Bryce Danna-Marullo, Listing Office: Bridgewater Realty Advisors, LLC
New - 7 hours on Rocket
$7,006 Closing Credit¹
Bryce Danna-Marullo, Listing Office: Bridgewater Realty Advisors, LLC
New - 7 hours on Rocket
$10,000 Closing Credit¹
Rachael Kansas, Listing Office: RE/MAX N.O. Properties
New - 7 hours on Rocket
$9,025 Closing Credit¹
Charlee Jones, Listing Office: Berkshire Hathaway HomeServices Preferred, REALTOR
New - 7 hours on Rocket
$8,894 Closing Credit¹
Robyn Schmitt, Listing Office: Homesmart Realty South
New - 7 hours on Rocket
$2,494 Closing Credit¹
Kasey Fiorella, Listing Office: Fiorella Avenue Realty
New - 7 hours on Rocket
$6,175 Closing Credit¹
Gerard Bourgeois, Listing Office: Parish Realty of Louisiana Inc
New - 7 hours on Rocket
$9,500 Closing Credit¹
Whitney Harrel, Listing Office: REVE, REALTORS
New - 9 hours on Rocket
$10,000 Closing Credit¹
Samara Poche', Listing Office: LATTER & BLUM (LATT09)
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Based on information from ROAM MLS, and Acadiana MLS for the period 01/01/2023 - 01/01/2025
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: 1/17/2025, 11:20:54 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: 1/17/2025, 11:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.