New Orleans Real Estate Market Update February 2026

Neighborhood Breakdown

Uptown

Metric	Feb 2026	YoY Change
Median Sale Price	$502,500	5.3
Price per Sq Ft	$296	-6.1
Avg Days on Market	53	-10 days
Active Listings	135	-10.6
Months of Supply	6.4	—
Closed Sales	21	-30.0
Sale-to-List Ratio	98.6%	—

Uptown's median sale price climbed to $502,500, a +5.3% shift year over year. At 6.4 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are selling faster at 53 days on market vs. 62 last February.

Uptown / Tulane

Metric	Feb 2026	YoY Change
Median Sale Price	$453,750	-2.6
Price per Sq Ft	$300	21.4
Avg Days on Market	78	+1 days
Active Listings	121	-25.8
Months of Supply	10.1	—
Closed Sales	12	-42.9
Sale-to-List Ratio	96.6%	—

Uptown / Tulane's median sale price dipped to $453,750, a -2.6% shift year over year. At 10.1 months of supply, this is firmly a buyer's market — sellers should expect negotiation.

Garden District / LGD

Metric	Feb 2026	YoY Change
Median Sale Price	$255,200	-29.7
Price per Sq Ft	$310	-5.8
Avg Days on Market	109	+40 days
Active Listings	182	-12.1
Months of Supply	12.1	—
Closed Sales	15	-11.8
Sale-to-List Ratio	96.2%	—

Garden District / LGD's median sale price dipped to $255,200, a -29.7% shift year over year. At 12.1 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are sitting longer at 109 days on market, up from 68 a year ago.

Mid-City

Metric	Feb 2026	YoY Change
Median Sale Price	$294,250	-36.2
Price per Sq Ft	$220	-3.1
Avg Days on Market	66	+6 days
Active Listings	119	-1.7
Months of Supply	9.2	—
Closed Sales	13	30.0
Sale-to-List Ratio	95.7%	—

Mid-City's median sale price dipped to $294,250, a -36.2% shift year over year. At 9.2 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are sitting longer at 66 days on market, up from 60 a year ago.

Gentilly / Bayou St. John

Metric	Feb 2026	YoY Change
Median Sale Price	$256,907	36.3
Price per Sq Ft	$174	6.6
Avg Days on Market	38	-69 days
Active Listings	147	-12.0
Months of Supply	14.7	—
Closed Sales	10	-16.7
Sale-to-List Ratio	96.5%	—

Gentilly / Bayou St. John's median sale price climbed to $256,907, a +36.3% shift year over year. At 14.7 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are selling faster at 38 days on market vs. 107 last February.

Lakeview

Metric	Feb 2026	YoY Change
Median Sale Price	$650,000	9.5
Price per Sq Ft	$251	2.6
Avg Days on Market	82	+0 days
Active Listings	142	-13.9
Months of Supply	7.5	—
Closed Sales	19	-24.0
Sale-to-List Ratio	97.5%	—

Lakeview's median sale price climbed to $650,000, a +9.5% shift year over year. At 7.5 months of supply, this is firmly a buyer's market — sellers should expect negotiation.

French Quarter / Tremé

Metric	Feb 2026	YoY Change
Median Sale Price	$331,450	-17.1
Price per Sq Ft	$334	-27.6
Avg Days on Market	138	+34 days
Active Listings	195	-8.9
Months of Supply	24.4	—
Closed Sales	8	0.0
Sale-to-List Ratio	91.2%	—

French Quarter / Tremé's median sale price dipped to $331,450, a -17.1% shift year over year. At 24.4 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are sitting longer at 138 days on market, up from 103 a year ago. The 91.2% sale-to-list ratio signals room for buyer negotiation.

Marigny / Bywater

Metric	Feb 2026	YoY Change
Median Sale Price	$201,000	-27.3
Price per Sq Ft	$148	-10.9
Avg Days on Market	50	-31 days
Active Listings	157	-18.2
Months of Supply	19.6	—
Closed Sales	8	-46.7
Sale-to-List Ratio	93.3%	—

Marigny / Bywater's median sale price dipped to $201,000, a -27.3% shift year over year. At 19.6 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are selling faster at 50 days on market vs. 81 last February. The 93.3% sale-to-list ratio signals room for buyer negotiation.

CBD / Warehouse District

Metric	Feb 2026	YoY Change
Median Sale Price	$237,500	79.2
Price per Sq Ft	$285	204.7
Avg Days on Market	182	+113 days
Active Listings	55	19.6
Months of Supply	27.5	—
Closed Sales	2	-33.3
Sale-to-List Ratio	98.5%	—

CBD / Warehouse District's median sale price climbed to $237,500, a +79.2% shift year over year. At 27.5 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are sitting longer at 182 days on market, up from 69 a year ago. Note: With only 2 sales, interpret with caution.

Algiers

Metric	Feb 2026	YoY Change
Median Sale Price	$145,600	5.4
Price per Sq Ft	$135	26.5
Avg Days on Market	54	-44 days
Active Listings	97	11.5
Months of Supply	16.2	—
Closed Sales	6	-33.3
Sale-to-List Ratio	90.9%	—

Algiers's median sale price climbed to $145,600, a +5.4% shift year over year. At 16.2 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are selling faster at 54 days on market vs. 98 last February. The 90.9% sale-to-list ratio signals room for buyer negotiation.

Algiers Point / English Turn

Metric	Feb 2026	YoY Change
Median Sale Price	$197,913	-20.8
Price per Sq Ft	$98	-18.4
Avg Days on Market	103	+36 days
Active Listings	110	-6.8
Months of Supply	9.2	—
Closed Sales	12	-40.0
Sale-to-List Ratio	88.9%	—

Algiers Point / English Turn's median sale price dipped to $197,913, a -20.8% shift year over year. At 9.2 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Homes are sitting longer at 103 days on market, up from 67 a year ago. The 88.9% sale-to-list ratio signals room for buyer negotiation.

New Orleans East / Lakewood

Metric	Feb 2026	YoY Change
Median Sale Price	$162,500	0.5
Price per Sq Ft	$105	20.7
Avg Days on Market	106	+4 days
Active Listings	52	4.0
Months of Supply	17.3	—
Closed Sales	3	-66.7
Sale-to-List Ratio	96.3%	—

New Orleans East / Lakewood held steady with a median sale price of $162,500 in February. At 17.3 months of supply, this is firmly a buyer's market — sellers should expect negotiation. Note: With only 3 sales, interpret with caution.

Luxury Market — $500,000+

The luxury tier ($500,000+) in Greater New Orleans recorded 125 closed sales in February, with a median price of $725,000. At 9.1 months of supply, luxury inventory is elevated. Homes averaged 77 days on market with a 96.0% sale-to-list ratio, suggesting buyers have room to negotiate on luxury properties.

Working With Rêve

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Data sourced from Courted.io. Single family residential unless otherwise noted. Figures represent February 2026 market conditions calculated from Courted's 13-month rolling export data. Low-volume markets are noted where applicable and should be interpreted with caution. This report is for informational purposes only.