Market Intelligence · LA / New Orleans

New Orleans, LA 70121 Housing Market

The typical home value in New Orleans, LA 70121 is $261,620, down 6.9% over the past year as of 2026-08-01. The median list price is $259,900, and homes spend a median of 91 days on the market.

Updated August 2026Median value$262K

The median home value in New Orleans, LA 70121 is $262K as of August 2026, down 6.9% 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 70121 range

$241K to $283K

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

-6.9% over 12 months

Typical home value in 70121 over the last 12 months: $281K in Aug 2025 to $262K in Aug 2026 (-6.9%).

Aug 2025$281K

Aug 2026$262K

The numbers

What is the 70121 housing market like?

Typical home value

$262K

Down6.9%YoY

Median list price

$260K

Down2.1%MoM

Days on market

91

Up11.0%MoM

Homes for sale

55

Down5.2%MoM

Price cuts

22.0%

Down17.3%MoM

New listings

16

Down11.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 70121 home prices compare?

  • 70121$261,620
  • New Orleans$261,620
  • Louisiana$189,166
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (New Orleans: 19 ZIPs; Louisiana: 345 ZIPs; United States: 26,265 ZIPs).

Context

There were 55 homes for sale in 70121 as of 2026-08-01, with 16 new listings entering the market. Sellers are not moving quickly: the median days on market is 91. Price cuts are also common, with 22.0% of listings reduced. Values have softened, with the typical home value of $261,620 down 6.9% over the past year. For a seller, the honest read is that buyers have room to negotiate and patience is required, so pricing realistically from the start matters more than aiming high.

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