New Orleans Market Report
$494,698
AVERAGE PRICE OF 2,854 HOMES$1,909,540
AVERAGE PRICE OF 253 MULTI-MILLION DOLLAR HOMES$517,940
AVERAGE PRICE OF 485 NEWLY BUILT HOMES$804,621
AVERAGE PRICE OF 271 HOMES WITH A POOL$566,576
AVERAGE PRICE OF 84 REDUCED PRICE HOMESAverage Home
| Average Price | $494,698 |
| Avg Bedrooms | 2.84 beds |
| Avg Bathrooms | 2.74 baths |
Average Price by Bedrooms
| 1 bedroom | $324,287 |
| 2 bedrooms | $439,706 |
| 3 bedrooms | $414,127 |
| 4 bedrooms | $515,420 |
| 5 bedrooms | $788,544 |
New Orleans Home Price Trends
| 5/2021 | 4/2021 | 3/2021 | 2/2021 | 1/2021 | |
|---|---|---|---|---|---|
| Total Listings | 2,956 | 2,985 | 2,927 | n/a | 2,746 |
| Average Price | $491,172 | $490,512 | $489,947 | n/a | $488,466 |
| Avg Price Change | +0.13% | +0.12% | n/a | n/a | -1.56% |
| Median Price | $344,592 | $339,188 | $333,833 | n/a | $322,729 |
| Med Price Change | +1.59% | +1.60% | n/a | n/a | -2.02% |
| Avg Bedrooms | 2.79 beds | 2.78 beds | 3.31 beds | n/a | 3.46 beds |
| Avg Bathrooms | 2.19 baths | 2.19 baths | 2.21 baths | n/a | 2.2 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Ben Franklin | 7 | $496,342 | 102 days |
| Edna Karr | 6 | $253,583 | 18 days |
| Jesuit | 5 | $455,780 | 164 days |
| Oppsb | 10 | $503,489 | 71 days |
| Warren Easton | 4 | $370,950 | 46 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 2,854 | $494,698 | 117 days |
| Multi-Million Dollar Homes | 253 | $1,909,540 | 144 days |
| Newly Built Homes | 485 | $517,940 | 92 days |
| Homes with a Pool | 271 | $804,621 | 122 days |
| Reduced Price Homes | 84 | $566,576 | 66 days |
