Market Intelligence · LA / New Orleans

New Orleans, LA 70123 Housing Market

Typical home value in New Orleans 70123 has grown 3.7% over the past year to $333,577. The median list price sits at $343,000, with homes taking a median of 81 days to sell as of September 2026.

Updated September 2026Median value$334K

The median home value in New Orleans, LA 70123 is $334K as of September 2026, up 3.7% 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.

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Typical 70123 range

$307K to $360K

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

+3.7% over 12 months

Sep 2025$322K

Low $322KHigh $341K

Sep 2026$334K

The numbers

What is the 70123 housing market like?

As of September 2026

Typical home value

$334K

3.7%YoY

Median list price

$343K

0.6%MoM

Days on market

3.8%MoM

Homes for sale

10.7%MoM

Price cuts

22.1%

4.8%MoM

New listings

50.0%MoM

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

The outlook

70123 housing market forecast 2027

-1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70123 to fall 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 70123 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 70123?

Zillow's forecast says they may: it expects typical home values in 70123 to fall 1.4% by September 2027, after a 3.7% rise 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.

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The comparison

How do 70123 home prices compare?

70123$333,577
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

The market in 70123 shows steady demand but patience is required. Homes for sale number 92 with 24 new listings in September 2026, suggesting ongoing turnover. However, the median time on market of 81 days indicates buyers are taking their time before committing. Price cuts have appeared on 22.1% of listings, a signal that some sellers are adjusting expectations. If you are considering selling, expect to price competitively and allow several months for the process.

Monthly payment

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Home price

Down payment20% · $66,715

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Common questions

What people ask us.

What is a typical home value in 70123?

The typical home value is $333,577, up 3.7% over the past year as of September 2026.

How long do homes stay on the market in 70123?

The median days on market is 81 as of September 2026.

How many homes are currently for sale in 70123?

There are 92 homes for sale as of September 2026.

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