Market Intelligence · LA / New Orleans

New Orleans, LA 70128 Housing Market

The typical home value in New Orleans, LA 70128 is $176,098, down 4.7% over the past year. The median list price is $220,000, and homes are spending a median of 62 days on market. That points to a softer market.

Updated August 2026Median value$176K

The median home value in New Orleans, LA 70128 is $176K as of August 2026, down 4.7% 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 70128 range

$162K to $190K

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

-4.7% over 12 months

Typical home value in 70128 over the last 12 months: $185K in Aug 2025 to $176K in Aug 2026 (-4.7%).

Aug 2025$185K

Aug 2026$176K

The numbers

What is the 70128 housing market like?

Typical home value

$176K

Down4.7%YoY

Median list price

$220K

Down0.3%MoM

Days on market

62

Down19.5%MoM

Homes for sale

53

Down11.7%MoM

Price cuts

15.4%

Down13.0%MoM

New listings

8

Down55.6%MoM

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

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The comparison

How do 70128 home prices compare?

  • 70128$176,098
  • 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

Buyers have some room to look around: there are 53 homes for sale and only 8 new listings, so selection is not growing fast. The median list price is $220,000 while the typical home value is $176,098, down 4.7% over the past year, and the median days on market is 62. A 15.4% share of listings has taken a price cut, which fits a market where sellers are adjusting. For a seller, pricing needs to reflect recent softening rather than last year's expectations.

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