Market Intelligence · LA / New Orleans

New Orleans, LA 70124 Housing Market

The typical home in New Orleans, LA 70124 is worth $503,067, up 1.4% over the past year. The median list price sits at $539,000, and homes are spending a median of 84 days on the market.

Updated August 2026Median value$503K

The median home value in New Orleans, LA 70124 is $503K as of August 2026, up 1.4% 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 70124 range

$463K to $543K

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

+1.4% over 12 months

Typical home value in 70124 over the last 12 months: $496K in Aug 2025 to $503K in Aug 2026 (+1.4%).

Aug 2025$496K

Aug 2026$503K

The numbers

What is the 70124 housing market like?

Typical home value

$503K

Up1.4%YoY

Median list price

$539K

Down2.0%MoM

Days on market

84

Up1.2%MoM

Homes for sale

109

Down3.5%MoM

Price cuts

14.9%

Down16.8%MoM

New listings

24

Down20.0%MoM

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

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The comparison

How do 70124 home prices compare?

  • 70124$503,067
  • 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 are 109 homes for sale in 70124, with 24 new listings hitting the market recently. Sellers are pricing above typical values, with a median list price of $539,000 against a typical home value of $503,067. At 84 days on market, buyers have time to weigh their options. About 14.9% of listings have taken a price cut. For a seller, that means pricing right from the start matters, because overpriced homes are the ones sitting longest and cutting later.

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