Market Intelligence · LA / New Orleans

New Orleans, LA 70124 Housing Market

The typical home value in 70124 is $500,025, up 2.0% over the past year. The median list price stands at $527,000, with homes spending a median of 70 days on market as of September 2026.

Updated September 2026Median value$500K

The median home value in New Orleans, LA 70124 is $500K as of September 2026, up 2.0% 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 70124 range

$460K to $540K

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

+2.0% over 12 months

Sep 2025$490K

Low $489KHigh $500K

Sep 2026$500K

The numbers

What is the 70124 housing market like?

As of September 2026

Typical home value

$500K

2.0%YoY

Median list price

$527K

2.2%MoM

Days on market

16.7%MoM

Homes for sale

112

2.8%MoM

Price cuts

23.3%

55.9%MoM

New listings

50.0%MoM

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

The outlook

70124 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70124 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 70124 rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in 70124?

Zillow's forecast says they may: it expects typical home values in 70124 to fall 0.5% by September 2027, after a 2.0% 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 70124 home prices compare?

70124$500,025
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 112 homes for sale in 70124, with 36 new listings added as of September 2026. The median time homes spend on market is 70 days, suggesting a measured pace of sales activity. Price reductions appear on 23.3% of listings, which reflects some seller adjustment even as typical values gained 2.0% annually. For homeowners considering a sale, the market is neither fast-moving nor particularly tight. Expect realistic pricing and patience to be necessary to find the right buyer.

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Down payment20% · $100,005

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Common questions

What people ask us.

What is the typical home value in 70124?

The typical home value in 70124 is $500,025, up 2.0% over the past year as of September 2026.

How long do homes typically stay on market in 70124?

Homes spend a median of 70 days on market in 70124 as of September 2026.

How many homes are currently for sale in 70124?

There are 112 homes for sale in 70124 as of September 2026, with 36 new listings in that period.

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Nearby ZIP markets.

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