New Orleans, LA metro area Housing Market Brief
metro · LA · score computed October 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.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
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.
What’s the forecast for New Orleans, LA metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
New Orleans, LA metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $287K | ▲ +0.7% | Redfin |
| Median Days on Market | 63 days | ▲ +3.3% | Redfin |
| Months of Supply | 5.9 | ▲ +1.7% | Redfin |
| Homes for Sale | 5,595 | ▼ -3.5% | Redfin |
| Homes Sold | 963 | ▼ -5.9% | Redfin |
| Median Price / Sq Ft | $162 | ▼ -1.9% | Redfin |
How has New Orleans, LA metro area’s Alpha Score moved?
Markets like New Orleans, LA metro area
- Baltimore, MD metro area, MDmetro35
- Dallas, TX metro area, TXmetro33
- Fort Worth, TX metro area, TXmetro35
- Morgantown, WV metro area, WVmetro31
- Memphis, TN metro area, TNmetro36
- Kingsport, TN metro area, TNmetro43
- Williamsport, PA metro area, PAmetro34
- Redding, CA metro area, CAmetro24
- Miami-Fort Lauderdale-Pompano Beach, FLmetro40
- Tuscaloosa, AL metro area, ALmetro35
Frequently asked questions
Is New Orleans, LA metro area a buyer's or seller's market?
In the scores computed October 2026, New Orleans, LA metro area is classified as a Buyer's Market, based on its Alpha Score of 33 out of 100. The classification reflects current price, building, 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 $287K, having risen 0.7% over the past year, according to Redfin.
How affordable is New Orleans, LA metro area?
New Orleans, LA metro area scores 24 out of 100 on affordability — relatively unaffordable 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 Economic Strength (62/100) and its weakest is Inventory Health (10/100). 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.