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New Orleans Market Report

$487,337

AVERAGE PRICE OF 2,851 HOMES

$1,907,492

AVERAGE PRICE OF 271 MULTI-MILLION DOLLAR HOMES

$482,637

AVERAGE PRICE OF 519 NEWLY BUILT HOMES

$990,682

AVERAGE PRICE OF 221 HOMES WITH A POOL

$478,187

AVERAGE PRICE OF 122 REDUCED PRICE HOMES

Average Home

Average Price $487,337
Avg Bedrooms 2.75 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $342,017
2 bedrooms $452,888
3 bedrooms $416,003
4 bedrooms $526,594
5 bedrooms $829,294
New Orleans Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 2,706 2,808 2,974 2,989 2,945
Average Price $487,851 $484,371 $487,978 $484,959 $483,314
Avg Price Change +0.72% -0.74% +0.62% +0.34% -0.82%
Median Price $324,933 $326,513 $331,958 $327,516 $328,561
Med Price Change -0.49% -1.67% +1.36% -0.32% -2.01%
Avg Bedrooms 2.73 beds 2.77 beds 2.79 beds 2.78 beds 2.78 beds
Avg Bathrooms 2.1 baths 2.13 baths 2.16 baths 2.15 baths 2.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Ben Franklin 10 $364,180 97 days
Franklin/35 4 $199,500 141 days
Mt Carmel 4 $908,750 90 days
Opsb.Us 4 $229,000 92 days
Orleans 3 $173,000 327 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,851 $487,337 125 days
Multi-Million Dollar Homes 271 $1,907,492 142 days
Newly Built Homes 519 $482,637 85 days
Homes with a Pool 221 $990,682 111 days
Reduced Price Homes 122 $478,187 95 days
The Agency of M. Grass Group
208 Carnation Ave
Metairie, LA 70001
504-237-3359

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