New Orleans, LA metro area Housing Market Brief
metro · LA · as of August 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 Emerging — early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for New Orleans, LA metro area?
Our model forecasts New Orleans, LA metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
New Orleans, LA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $299K | ▲ +6.8% |
| Median Days on Market | 79 days | ▲ +6.8% |
| Months of Supply | 6.2 | ▲ +1.6% |
| Homes for Sale | 5,623 | ▼ -5.4% |
| Homes Sold | 924 | ▼ -5.9% |
| Median Price / Sq Ft | $163 | ▲ +0.7% |
How has New Orleans, LA metro area’s Alpha Score moved?
Markets like New Orleans, LA metro area
- Bangor, ME metro area, MEmetro42
- Greenville, SC metro area, SCmetro41
- Orlando, FL metro area, FLmetro40
- Kingsport, TN metro area, TNmetro41
- Daphne, AL metro area, ALmetro46
- Winston-Salem, NC metro area, NCmetro38
- McAllen, TX metro area, TXmetro40
- Florence, SC metro area, SCmetro45
- Hickory, NC metro area, NCmetro38
- Memphis, TN metro area, TNmetro40
Frequently asked questions
Is New Orleans, LA metro area a buyer's or seller's market?
As of August 2026, New Orleans, LA metro area is classified as a Balanced Market, based on its Alpha Score of 43 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 $299K, having risen 6.8% over the past year.
How affordable is New Orleans, LA metro area?
New Orleans, LA metro area scores 38 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 (29/100). 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.