Market Intelligence · LA / New Orleans

New Orleans, LA 70121 Housing Market

The typical home value in 70121 is $254,224, down 7.8% over the past year. The median list price stands at $262,200, with homes taking a median 71 days to sell as of September 2026.

Updated September 2026Median value$254K

The median home value in New Orleans, LA 70121 is $254K as of September 2026, down 7.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Get a cash offer

Sell without the wait

Sell your New Orleans home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 70121 range

$234K to $275K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 70121 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in New Orleans, LA.

12-month value trend

-7.8% over 12 months

Typical home value in 70121 over the last 12 months: $276K in Sep 2025 to $254K in Sep 2026 (-7.8%).

Sep 2025$276K

Sep 2026$254K

The numbers

What is the 70121 housing market like?

Typical home value

$254K

Down7.8%YoY

Median list price

$262K

Up0.9%MoM

Days on market

71

Down22.0%MoM

Homes for sale

61

Up10.9%MoM

Price cuts

17.0%

Down22.8%MoM

New listings

14

Down12.5%MoM

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

The outlook

70121 housing market forecast 2027

-1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70121 to fall 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 70121 fell 7.8%, per the Zillow Home Value Index.

Will home prices drop in 70121?

Zillow's forecast says they may: it expects typical home values in 70121 to fall 1.9% by September 2027, after a 7.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 70121 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 70121 home prices compare?

  • 70121$254,224
  • New Orleans$254,224
  • Louisiana$184,621
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (New Orleans: 19 ZIPs; Louisiana: 345 ZIPs; United States: 26,262 ZIPs).

Context

There are 61 homes for sale in 70121, with 14 new listings as of September 2026. The median list price of $262,200 sits above the typical home value of $254,224, reflecting some overpricing in the current market. Homes are staying on the market for a median of 71 days, which is moderate but not brisk. Price cuts have appeared on 17.0% of listings, suggesting sellers are adjusting to softer demand. For homeowners considering a sale, this is a slower market where realistic pricing will matter.

Monthly payment

Estimate your monthly payment.

20% · $50,845

Common questions

What people ask us.

What is the typical home value in 70121?

The typical home value is $254,224, down 7.8% over the past year as of September 2026.

How long do homes typically stay on the market in 70121?

Homes take a median of 71 days to sell as of September 2026.

How many homes are currently for sale in 70121?

There are 61 homes for sale as of September 2026, with 14 new listings.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.