Market Intelligence · LA / New Orleans

New Orleans, LA 70131 Housing Market

Homes in New Orleans 70131 have a typical value of $211,169, down 2.1% over the past year. The median list price sits at $277,450, and homes typically spend 96 days on the market.

Updated September 2026Median value$211K

The median home value in New Orleans, LA 70131 is $211K as of September 2026, down 2.1% 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 70131 range

$194K to $228K

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

-2.1% over 12 months

Sep 2025$216K

Low $208KHigh $216K

Sep 2026$211K

The numbers

What is the 70131 housing market like?

As of September 2026

Typical home value

$211K

2.1%YoY

Median list price

$277K

0.9%MoM

Days on market

2.1%MoM

Homes for sale

118

1.7%MoM

Price cuts

18.3%

0.0%MoM

New listings

20.0%MoM

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

The outlook

70131 housing market forecast 2027

-0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 70131 to fall 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 70131 fell 2.1%, per the Zillow Home Value Index.

Will home prices drop in 70131?

Zillow's forecast says they may: it expects typical home values in 70131 to fall 0.9% by September 2027, after a 2.1% decline 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 70131 home prices compare?

70131$211,169
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 area has 118 homes for sale with 24 new listings in September 2026. That modest listing flow suggests constrained supply, yet the median days on market at 96 indicates buyers are taking time to decide. With 18.3% of listings carrying a price cut, sellers are beginning to adjust expectations. The year-over-year decline in typical home value reflects a cooling market. Sellers should recognize that buyer competition is softer than it may have been, and pricing strategically from the start will matter more than holding firm.

Monthly payment

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Home price

Down payment20% · $42,234

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Common questions

What people ask us.

What is the typical home value in 70131?

The typical home value in New Orleans 70131 is $211,169, down 2.1% over the past year as of September 2026.

How long do homes stay on the market here?

The median days on market is 96 as of September 2026, meaning homes take roughly three months to sell.

How many homes are currently for sale?

There are 118 homes for sale in the area as of September 2026, with 24 new listings in that same month.

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Nearby ZIP markets.

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