Market Intelligence · LA / New Orleans

New Orleans, LA 70118 Housing Market

The typical home value in New Orleans 70118 is $368,339, up 0.4% over the past year. The median list price sits at $339,000, and homes are taking a median of 75 days on market.

Updated June 2026Median value$368K

The median home value in New Orleans, LA 70118 is $368K as of June 2026, up 0.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 70118 range

$339K to $398K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.4% over 12 months

Typical home value in 70118 over the last 12 months: $367K in Jun 2025 to $368K in Jun 2026 (+0.4%).

Jun 2025$367K

Jun 2026$368K

The numbers

What is the 70118 housing market like?

Typical home value

$368K

Up0.4%YoY

Median list price

$339K

Days on market

75

Up17.2%MoM

Homes for sale

113

Price cuts

29.5%

New listings

28

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 70118 home prices compare?

  • 70118$368,339
  • New Orleans$266,465
  • Louisiana$188,775
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (New Orleans: 19 ZIPs; Louisiana: 345 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 113 homes for sale in the 70118 area of New Orleans, with 28 new listings added. The median list price is $339,000, while the typical home value is $368,339, up 0.4% over the past year. Homes are spending a median of 75 days on market, and 29.5% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing and patience matter.

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