Verified local market snapshot

New Orleans real estate market statistics.

June 2026 compared with June 2025. Use these figures as market context, then evaluate the specific neighborhood and property that matters to you.

Browse the 2026 monthly market archive → · Read the dated June 2026 market report →

Reporting period: June 2026 vs. June 2025 · Geography: City of New Orleans, single-family residential · Source: New Orleans Metropolitan Association of REALTORS® (NOMAR), as cited in Rêve REALTORS® market materials.

Citywide snapshot

Closed sales424−8.0% YoY
New listings628−9.4% YoY
Days on market68+4.6% YoY
Median sales price$325,000+3.2% YoY
Average sales price$404,407+4.8% YoY
Active listings2,331+16.1% YoY

Selected neighborhood figures

AreaClosed salesNew listingsDays on marketMedian priceAverage priceActive listings
Uptown112 (−6.7%)187 (−8.3%)54 (+12.5%)$622,500 (+4.8%)$724,318 (+6.1%)480 (+14.3%)
Faubourg Marigny & Bywater78 (−10.3%)142 (−6.6%)67 (+18.6%)$412,000 (+3.5%)$515,276 (+5.9%)392 (+20.4%)
Garden District36 (−14.3%)64 (−11.1%)72 (+20.0%)$985,000 (+6.3%)$1,238,476 (+8.1%)214 (+18.9%)
French Quarter28 (−17.6%)54 (−12.9%)81 (+22.7%)$545,000 (+4.6%)$682,319 (+7.3%)298 (+25.8%)
Mid-City96 (−5.9%)168 (−7.7%)59 (+15.7%)$318,000 (+4.2%)$386,921 (+6.8%)512 (+19.8%)

Percentages in parentheses are year-over-year changes where they were included in the source material. Figures describe the stated reporting period and geography; they are not a valuation of any individual property.

What these numbers mean for a real decision

Citywide and neighborhood statistics are useful starting points, but they do not replace property-specific analysis. Condition, location, lot, architecture, insurance considerations, improvements, pricing position, and buyer or seller goals can all change the recommendation.

Review insurance and flood questions → · Review inspections, title, and closing →

Want a current read on one address or neighborhood? Call or text Jonathan at (504) 512-9220 or email jonathan@reverealtors.com.

Use the data carefully

Market context is the beginning of the conversation.

A citywide or neighborhood snapshot can frame a question, but a property-specific decision still depends on the address, condition, location, insurance considerations, comparable properties, and your goals. Review the dated source notes on each update.

Discuss a specific property → Insurance questions → Contact Jonathan →

How to read a New Orleans market update

Market statistics help establish context, but they do not determine the value or outcome of one specific property. Median price, closed sales, inventory, days on market, and price-to-list trends can look different by neighborhood, property type, condition, price range, and intended use.

Jonathan uses verified market information alongside property-specific comparable sales, current competition, condition, timing, and client goals when helping buyers and sellers make decisions.

Discuss a home value → · Search current homes →

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