New Orleans Real Estate Trends & Statistics

New Orleans Median List Price

$155,000

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New Orleans Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	1,416	1,446	2%	1,839	23%
Median List Price	$155,000	$154,000	1%	$156,200	1%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	2%	2%		2%
Median DOM	83	87	5%	91	9%
Median House Size	1,785	1,758	2%	1,723	4%
Median $/Sqft	$87/sqft	$87/sqft		$90/sqft	3%

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,165	1,187	2%	1,448	20%
Median List Price	$147,000	$140,000	5%	$145,000	1%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	2%		2%
Median DOM	81	87	7%	90	10%
Median House Size	1,928	1,910	1%	1,900	1%
Median $/Sqft	$78/sqft	$77/sqft	1%	$77/sqft	1%

	Today	1 Month Ago		1 Year Ago
Total Inventory	251	259	3%	391	36%
Median List Price	$225,000	$225,000		$220,000	2%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	2%	1%		2%
Median DOM	84	85	1%	100	16%
Median House Size	1,100	1,093	1%	1,037	6%
Median $/Sqft	$238/sqft	$241/sqft	1%	$255/sqft	7%

New Orleans Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	283	196	148	246	174	192	234
New Listings	424	299	278	392	370	425	475
Sold/Expired	552	438	397	493	389	510	511

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	235	168	127	208	140	169	200
New Listings	348	237	223	309	296	352	386
Sold/Expired	441	349	301	398	320	400	419

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	48	28	21	38	34	23	34
New Listings	76	62	55	83	74	73	89
Sold/Expired	111	89	96	95	69	110	92

New Orleans, Louisiana real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the New Orleans homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in New Orleans. Movoto is your comprehensive source for New Orleans property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

New Orleans, LA Market Overview

Inventory: 1,416 Recently Sold: 511 New Listings: 475 Distressed: 2

New Orleans's home resale inventories decreased slightly, with a 2 percent decrease since April 2013. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in May. The median listing price in New Orleans went up from April to May. There were a total of 31 price increases and 234 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

342 30th St, New Orleans, LA