Market Intelligence · LA / New Orleans

New Orleans, LA 70123 Housing Market

The typical home value in New Orleans 70123 is $349,272, up 6.4% over the past year. The median list price is $374,925, and homes are taking a median of 55 days on market.

Updated June 2026Median value$349K

The median home value in New Orleans, LA 70123 is $349K as of June 2026, up 6.4% 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 70123 range

$321K to $377K

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

+6.4% over 12 months

Typical home value in 70123 over the last 12 months: $328K in Jun 2025 to $349K in Jun 2026 (+6.4%).

Jun 2025$328K

Jun 2026$349K

The numbers

What is the 70123 housing market like?

Typical home value

$349K

Up6.4%YoY

Median list price

$375K

Days on market

55

Down45.0%MoM

Homes for sale

110

Price cuts

27.9%

New listings

28

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

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The comparison

How do 70123 home prices compare?

  • 70123$349,272
  • 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 2026, there are 110 homes for sale in the 70123 area of New Orleans, with 28 new listings added recently. The median list price sits at $374,925, while the typical home value is $349,272, up 6.4% over the past year. Homes are taking a median of 55 days to sell, and 27.9% of listings have had a price cut. For sellers, the market shows steady value growth, but the presence of price cuts means pricing carefully still matters.

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