New Orleans, LA Housing Market

New Orleans, LA's median home value is $261K, up 4.5% over the past year. Homes here sell in a median 67 days. Its PropertyIQ Score of 17 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

Understanding the New Orleans, LA housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this LA metro is set to perform relative to the rest of its state.

South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, New Orleans, LA's PropertyIQ Score of 17 runs below the South Central norm.

For the New Orleans, LA market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.

Explore the interactive map to see how New Orleans, LA compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.