New Orleans, LA Real Estate Market Trends and Statistics
The City of New Orleans proper is bound by the Mississippi River on the south, Lake Pontchartrain on the north, Lake Borgne on the east, and the parish line into neighboring Jefferson Parish on the west. The metropolitan area known as New Orleans also includes the parishes of Jefferson (extending all the way to the Gulf of Mexico), St. Bernard (further to the east), St. Tammany (including many communities on the north shore of Lake Pontchartrain) and the River Parishes communities on the east and west banks of the Mississippi River as it winds northward and westward toward Louisiana’s capital city of Baton Rouge.
The statistics on this page relate specifically to New Orleans, LA which is part of New Orleans. They include all residential sales and listings at all price ranges. You can also view statistics for each of the subdivisions, towns and cities in the New Orleans area.
Homes For Sale vs. Homes Sold
The For-Sale vs. Sold graph is actually a supply and demand chart and shows year-to-date statistics. It shows the inventory of homes for sale in New Orleans, LA, month by month, the sales in New Orleans, LA by month and how many homes went under contract during each month. The light green bars represent the homes for sale. At the bottom of each light green bar is a dark green bar representing the sales for that month, and the red line shows how many houses went under contract for that month.
Average Price of Homes for Sale and Sold in New Orleans, LA
This graph shows average prices for which homes have sold and also the average asking prices. This graph should help you determine the affordability of homes in New Orleans, LA. It can help you track appreciation and depreciation of properties in the area and can also show you how realistic the asking prices are, based on the difference between the average sold price and average active price. (Note: Fluctuations in this graph are frequently a result of seasonal influences.)
Average Price per Sqft in New Orleans, LA
This graph depicts the average price based on square footage and is helpful in deciding on a fair price for a home. For statistics of other areas check out More Real Estate Statistics for the New Orleans Area.
Personalized Real Estate Statistics Available
The information above is for New Orleans, LA, however, this type of information is available for each specific city, town and subdivision within our market area. View statistics for each of the areas in and around New Orleans. If you would like information on a specific area, or for a particular property type, contact our Internet Customer Care Department and they will be happy to have that prepared for you.
Map of New Orleans, LA
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