Welcome to this overview of New Orleans, a city in Louisiana with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about New Orleans’ real estate landscape, read on to discover valuable information and resources.
OVERVIEW
New Orleans is a city in Louisiana and consists of 71 neighborhoods. There are 3,450 homes for sale, ranging from $8K to $19.5M.
- Median listing home price: $350K
- Median listing home price/Sq ft: $219
- Median sold home price: $307.5K
REAL ESTATE MARKET IN NEW ORLEANS
New Orleans, LA Housing Market
The competitiveness of the New Orleans housing market is moderate, with homes typically getting two offers and selling in approximately 93 days. Last month, the median home sale price dropped to $295K, marking a 10.6% decline from the previous year. The median sale price per square foot in New Orleans stands at $168, reflecting a 17.8% decrease compared to last year. Read more.
New Orleans Housing Market: Prices, Trends, Forecast 2023-2024
New Orleans’ housing market outlook for 2024 hints at potential challenges, with an 8.0% decrease in average home value. The market’s resilience will be crucial, given indicators of a buyer-friendly environment and a projected decline. Don’t miss out on the trends of the New Orleans housing market.
New Orleans Home Values
Check out Zillow’s report about New Orleans home values.
INTERESTING STORIES
How This Building Covered In Eye-Popping Street Art Explains New Orleans
This is more than just painting pretty pictures on the wall. Read more.
Thousands of blighted properties in New Orleans
It took 16 years to remove one blighted home from the 7th Ward, much to the neighbors’ eventual delight. Learn more.
NEIGHBORHOOD RESOURCES AND STORIES
New Orleans Crime Map
New Orleans grapples with a high crime rate of 61 per thousand residents, positioning it among the top 100 most dangerous cities in the U.S. according to NeighborhoodScout. One’s likelihood of being a crime victim is one in 16. Read more.
Top Real Estate Agents
Looking for a real estate agent? Here are the 10 Top Real Estate Agents in New Orleans by Sales Transactions.
HELPFUL NEW ORLEANS REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES
Community Development And Urban Renewal Associations
Community Development Support
Small Business, Leadership, And Community Engagement
- Committee for a Better New Orleans.
- The Idea Village.
Community Support
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Community Outreach
DAWGS philanthropy efforts have touched many lives:
- Helping Veterans realize a brighter, better future
- Giving a homeless family hope and a newly furnished home
- Providing opportunities for inner city teenage girls to live happier and healthier lifestyles
- Rescuing dogs that have been abandoned
- Providing employment opportunities for individuals with developmental disabilities
Learn more here.
