Market Intelligence · LA / New Orleans

New Orleans, LA 70131 Housing Market

Typical home value in New Orleans 70131 is $212,760, down 2.6% over the past year. The median list price is $279,900 and the median days on market is 94. Sellers are facing slower decisions and a clear gap between asking and typical value.

Updated August 2026Median value$213K

The median home value in New Orleans, LA 70131 is $213K as of August 2026, down 2.6% 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 70131 range

$196K to $230K

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

-2.6% over 12 months

Typical home value in 70131 over the last 12 months: $218K in Aug 2025 to $213K in Aug 2026 (-2.6%).

Aug 2025$218K

Aug 2026$213K

The numbers

What is the 70131 housing market like?

Typical home value

$213K

Down2.6%YoY

Median list price

$280K

Down4.1%MoM

Days on market

94

Up10.6%MoM

Homes for sale

116

Down6.5%MoM

Price cuts

18.3%

Up5.0%MoM

New listings

20

Down28.6%MoM

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

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The comparison

How do 70131 home prices compare?

  • 70131$212,760
  • 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 116 homes for sale, with 20 new listings. Median days on market is 94, so buyers have time to compare. The median list price is $279,900 while typical home value is $212,760, down 2.6% over the past year. Price cuts appear on 18.3% of listings, which signals some sellers are adjusting. A seller should price for the market today, not for recent memory.

Monthly payment

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20% · $42,552

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