MONEY GLOBE XNew Orleans, LA housing market: home values, sales and rents
The typical home value in the New Orleans, LA metro area was $257,067 in September 2026, up 1.6% over a year and down 7.1% over five years. Across the United States the typical value was $366,157 (up 1.2% over a year). Homes sold at 97.8% of their asking price, with 5.8 months of supply on the market. Typical rent was $1,577 a month. Our simple reading of these numbers: buyer's market leaning.
Updated November 04, 2026.
Reading: Buyer's market leaning
The numbers
| Measure | Latest | 1-year change | As of |
|---|---|---|---|
| Typical home value | $257,067 | +1.6% | September 2026 |
| Typical value — lower-priced third | $166,884 | +4.8% | September 2026 |
| Typical value — higher-priced third | $442,398 | +1.1% | September 2026 |
| Median sale price | $279,500 | +3.5% | August 2026 |
| Median list price | $290,000 | -7.9% | September 2026 |
| Sale price vs asking price | 97.8% | +0.3 pts | August 2026 |
| Homes sold above asking | 13% | -1.6 pts | August 2026 |
| Homes sold (month) | 1,071 | -3.6% | September 2026 |
| New listings (month) | 1,081 | -1.6% | September 2026 |
| Homes for sale | 6,230 | -0.3% | September 2026 |
| Months of supply | 5.8 months | +0.2 | September 2026 |
| Sales-to-new-listings ratio | 99% | -2.0 pts | September 2026 |
| Days to an accepted offer (median) | 49 days | +2.0 | September 2026 |
| Typical rent (all homes) | $1,577 | +1.7% | September 2026 |
| Zillow market heat index buyer's market on Zillow's scale (0–100) | 33 | no change | September 2026 |
Typical home value (Zillow Home Value Index)
What the numbers say
- Zillow market heat index 33 of 100: buyer's market on Zillow's scale (0–100).
- 5.8 months of supply: normal (3 to 6).
- The typical home sells 2.2% below its asking price: room to negotiate.
- Homes sold equal 99% of new listings this month, close to this city's usual pace (100% on average since 2018).
- Typical home value up 1.6% over a year.
Source: Zillow Research (zillow.com/research/data).
Metro-area statistics from Zillow Research. The sales-to-new-listings ratio and months of supply are calculated by Money Globe X from Zillow's counts of homes sold, new listings and homes for sale.
Statistics for information and education only — not real estate, financial or investment advice. Figures are monthly or yearly averages for a whole metro area; a single home or neighbourhood can differ a lot.
Nearby: other places in LA
See every number, the price chart and download the PDF report in Money Globe X
Money Globe X opens soon. Free members get the live market board, the Market Screener and News & Global Markets. Join the waitlist for free lessons now and your invitation at launch.
Updated November 04, 2026. Sources: Zillow Research. Educational information only - not financial advice.