United States > Louisiana > Orleans Parish > New Orleans

New Orleans Louisiana Housing Market Overview

The New Orleans real estate market shows median home prices at $337,000, up 5.3% from the previous year. Traditional sales typically take about 90 days to complete, with 94.8% of homes selling very close to their list price and 12.2% selling above the asking price. Notably, 22.8% of listings experience price reductions, while 28% of buyers are looking to leave the area. The local housing market faces a significant challenge, with a 99% flood risk rating, making quick-sale options ever more attractive to homeowners seeking certainty in their transactions.

Why now is a good time to sell your property in New Orleans Louisiana

We serve clients throughout the Greater New Orleans area, which includes historic homes in the French Quarter, modern properties in Metairie, and many other neighborhoods. Our local knowledge not only encompasses the prevalent 99% flood risk but also the varying market conditions across Orleans Parish. We handle all paperwork and closing costs, collaborating with local title companies to ensure smooth transactions, whether your property requires extensive repairs or is ready for immediate occupancy.

Experience a Better Way to Sell Your New Orleans Home

Benefits of Owner Advocate

Benefits of Owner Advocate
In a market where 22.8% of listings face price reductions, our network offers both certainty and speedy transactions when you need them the most.
The process begins with a free consultation, where you can share your property’s details and your desired timeline. Following this, we conduct a quick evaluation of your home as-is to determine its value. Next, you will receive a cash offer within 72 hours, and once you accept, we ensure a fast closing in just 10 days. Importantly, we cover all costs associated with the sale. By bypassing the typical 90-day listing period and multiple showings, we provide a hassle-free experience. Our transparent process is applicable to all properties throughout Orleans Parish, from Metairie to Kenner, ensuring that no repairs are needed and no hidden fees are involved — just a straightforward path to selling your home.
$337,000
Median Sale Price
94.8%
List Price to Sale Price Ratio
90
Median Days on Market
$181
Price Per Square Foot
12.2%
Percent of Sales Over List Price
22.8%
Percent of Listings with Price Cuts
254
Number of Homes Sold (Month)
(Metrics from Redfin)
How does this data help me?
The Owner Advocate displays market data by showing market changes in locations across the USA
City Map
New Orleans Key Takeaways
Median Sale Price:
$337,000
Scottsdale housing market is changing
$337,000
The average home value is $337,000 and goes to pending in around 90 days.
90
Average Days on Market
on average for MLS listed homes
Don't wait!
Now is a great time to sell your home.
Get the best cash offer for your property
Your home has more value than you might expect.

Why now is a good time to sell your property in New Orleans Louisiana?

Common reasons for homeowners looking to sell quickly include unexpected relocations that require immediate attention, financial hardships that necessitate fast cash sales, inherited properties that need to be disposed of quickly, divorce settlements where a swift sale is preferable, and foreclosure prevention efforts where time is of the essence. While traditional sales may average around 90 days from listing to closing, our extensive network of buyers can provide closings in just 10 days. This is particularly ideal for those in need of quick and effective solutions in our dynamic and sometimes unpredictable market.

Frequently Asked Questions About Selling Your New Orleans Home

Q: How quickly can you close?

A: We can close in just 10 days with our cash offer process, in stark contrast to the typical 90-day market timeline. You will receive your offer within 72 hours.

Q: Do you buy homes as-is?

A: Absolutely, we connect sellers with buyers who are willing to purchase properties in any condition — no repairs, cleaning, or improvements are necessary.

Q: Are there fees involved?

A: No fees or commissions are charged. We cover all closing costs, unlike the traditional 6% realtor fees.

Q: What does your process entail?

A: Schedule a visit, receive a cash offer within 72 hours, and close at your chosen title company. It’s simple and transparent.

Q: Where do you purchase homes?

A: We buy properties throughout the Greater New Orleans region, including Jefferson, Orleans, St. Bernard, St. Charles, and St. Tammany parishes. Currently, our median market price stands at $337,000.

Get Top Dollar for your Home

Skip the 90-day wait — get your fair cash offer in 72 hours! With only 12.2% of New Orleans homes selling above list price and 22.8% facing reductions, our network consistently provides cash offers for homes in any condition. Given the current median price of $337,000 and the unique challenges such as a 99% flood risk, our quick-close process offers you the certainty you need. Close in 10 days without repairs, without commissions, and without hassle. We extend our services to all neighborhoods in New Orleans and the surrounding parishes. Get your no-obligation cash offer today!Why Choose Us:
  • Fast, competitive cash offers
  • No repairs required
  • Convenient closing options that fit your needs
  • A transparent process from start to finish