New Orleans, LA metro area Housing Market Brief
metro · as of May 2026
What is New Orleans, LA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is New Orleans, LA metro area in its market cycle?
New Orleans, LA metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
New Orleans, LA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $302K | ▲ +3.2% |
| Median Days on Market | 53 days | ▼ -1.8% |
| Months of Supply | 4.8 | ▼ -11.1% |
| Homes for Sale | 5,552 | ▼ -11.7% |
| Homes Sold | 1,154 | ▼ -1.1% |
| Median Price / Sq Ft | $168 | ▲ +3.8% |
| Sale-to-List Ratio | 96.3% | ▼ -0.2% |
How has New Orleans, LA metro area’s Alpha Score moved?
Markets like New Orleans, LA metro area
- Raleigh, NC metro areametro44
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- Indianapolis, IN metro areametro45
- Oklahoma City, OK metro areametro45
- Tampa, FL metro areametro44
- Jacksonville, FL metro areametro46
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Frequently asked questions
Is New Orleans, LA metro area a buyer's or seller's market?
As of May 2026, New Orleans, LA metro area is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in New Orleans, LA metro area?
The median sale price in New Orleans, LA metro area is $302K, having risen 3.2% over the past year.
How affordable is New Orleans, LA metro area?
New Orleans, LA metro area scores 50 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving New Orleans, LA metro area's Alpha Score?
New Orleans, LA metro area's strongest dimension is Affordability (50/100) and its weakest is Inventory Health (36/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of New Orleans, LA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.