New Orleans Real Estate Market Update
New Orleans Real Estate Market Update
April 2026 · Single Family Residential · Data by Courted.io
April brought a decisive shift across New Orleans' single-family market. Closed sales territory-wide climbed to 178 from 171 a year ago, and the weighted median price rose to $417,325. Months of supply compressed to 4.0, pulling the territory further into seller's-market territory. The gains weren't uniform — Lakeview and Uptown led the pace while New Orleans East softened — but the broad direction is unmistakable.
Neighborhood Breakdown
Uptown
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $637,119 | +9.0% |
| Price per Sq Ft | $318 | +18.7% |
| Avg Days on Market | 44 days | -21 days |
| Active Listings | 189 | -30.3% |
| Months of Supply | 4.5 | — |
| Closed Sales | 42 | +16.7% |
| Pending Sales | 64 | +28.0% |
| Sale-to-List Ratio | 97.8% | — |
Uptown's spring market gained real traction in April. Closed sales jumped to 42 from 36 a year ago, and the combined median cleared $637K — a 9% year-over-year increase that reflects persistent demand for Audubon-adjacent properties. Inventory dropped sharply, pulling months of supply down to 4.5 from 7.5 last April.
Garden District / LGD
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $901,500 | +42.0% |
| Price per Sq Ft | $316 | +6.3% |
| Avg Days on Market | 6 days | -147 days |
| Active Listings | 23 | -25.8% |
| Months of Supply | 5.8 | — |
| Closed Sales | 4 | -42.9% |
| Pending Sales | 8 | -11.1% |
| Sale-to-List Ratio | 101.6% | — |
Low transaction volume: 4 sales. Interpret with caution.
The Garden District posted just 4 closed sales in April, making any single transaction outsized in its statistical impact. That said, the median surged to $901,500 — a 42% jump that reflects the caliber of properties that did trade. Days on market collapsed to under 6, a dramatic shift from 153 days a year ago.
Mid-City / Bayou St. John
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $319,000 | +1.4% |
| Price per Sq Ft | $252 | +18.3% |
| Avg Days on Market | 56 days | +18 days |
| Active Listings | 91 | -19.5% |
| Months of Supply | 3.8 | — |
| Closed Sales | 24 | -4.0% |
| Pending Sales | 30 | +36.4% |
| Sale-to-List Ratio | 97.0% | — |
Mid-City and Bayou St. John held steady in April with 24 closings and a median just above $319K. Price per square foot climbed 18.3% year over year to $252, signaling that renovated shotguns and Esplanade Ridge bungalows are commanding stronger per-foot premiums. Months of supply dropped to 3.8, firmly in seller's territory.
Gentilly
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $263,750 | +16.6% |
| Price per Sq Ft | $182 | +4.2% |
| Avg Days on Market | 39 days | +3 days |
| Active Listings | 99 | -17.5% |
| Months of Supply | 3.8 | — |
| Closed Sales | 26 | +18.2% |
| Pending Sales | 22 | +57.1% |
| Sale-to-List Ratio | 98.7% | — |
Gentilly continued its upward drift in April with a $263,750 median — up 16.6% from last year's $226,250. The neighborhood closed 26 sales versus 22 a year ago, and pending activity jumped to 22 from 14. At 3.8 months of supply, it's a seller's market for the first time in several quarters.
Lakeview
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $534,500 | +5.8% |
| Price per Sq Ft | $264 | +7.4% |
| Avg Days on Market | 53 days | -6 days |
| Active Listings | 73 | -21.5% |
| Months of Supply | 2.4 | — |
| Closed Sales | 31 | +19.2% |
| Pending Sales | 28 | +33.3% |
| Sale-to-List Ratio | 98.2% | — |
Lakeview posted 31 closings in April — the strongest month among NOLA's established neighborhoods — with a median of $534,500. Months of supply tightened to 2.4, the lowest in the city's core, driven by families competing for proximity to Harrison Avenue restaurants and lakefront green space.
French Quarter / Tremé
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $335,000 | -18.8% |
| Price per Sq Ft | $322 | +13.4% |
| Avg Days on Market | 55 days | +17 days |
| Active Listings | 20 | -9.1% |
| Months of Supply | 3.3 | — |
| Closed Sales | 6 | +50.0% |
| Pending Sales | 7 | +40.0% |
| Sale-to-List Ratio | 93.3% | — |
French Quarter and Tremé saw 6 single-family sales close in April, up from 4 a year ago. The SF median pulled back to $335K from $412,500, though price per square foot actually rose 13.4% to $322 — reflecting smaller-footprint trades this month.
Marigny / Bywater
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $395,000 | -16.8% |
| Price per Sq Ft | $295 | -2.1% |
| Avg Days on Market | 74 days | +38 days |
| Active Listings | 40 | -23.1% |
| Months of Supply | 3.6 | — |
| Closed Sales | 11 | +57.1% |
| Pending Sales | 13 | +8.3% |
| Sale-to-List Ratio | 95.7% | — |
The Marigny and Bywater recorded 11 single-family closings at a $395K median, a 16.8% decline from last April's $475K. DOM stretched to 74 days, nearly double last year. Despite the price softening, the market is technically tighter: months of supply fell to 3.6 from 7.4 as active inventory shrank 23%.
CBD / Warehouse District
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $590,000 | -39.5% |
| Price per Sq Ft | $280 | -7.4% |
| Avg Days on Market | 67 days | +8 days |
| Active Listings | 6 | -33.3% |
| Months of Supply | 6.0 | — |
| Closed Sales | 1 | -66.7% |
| Pending Sales | 3 | +50.0% |
| Sale-to-List Ratio | 95.1% | — |
Low transaction volume: 1 sale. Interpret with caution.
The CBD and Warehouse District logged just 1 single-family closing in April at $590K. With so few SF transactions, the data here tells a limited story. The all-types picture is more informative: 4 closings at a $505K median, reflecting the district's overwhelmingly condo-and-loft inventory.
Algiers
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $177,637 | -7.0% |
| Price per Sq Ft | $116 | -0.6% |
| Avg Days on Market | 38 days | -12 days |
| Active Listings | 106 | -18.5% |
| Months of Supply | 3.9 | — |
| Closed Sales | 27 | — |
| Pending Sales | 26 | -10.3% |
| Sale-to-List Ratio | 97.5% | — |
Algiers posted 27 closings across its two zip codes, matching last April exactly, with a combined median of $177,637. Days on market improved to 38 from 50, and months of supply tightened to 3.9 from 4.8. Sale-to-list hit 97.5%, up from 96.5% last year.
New Orleans East
Single Family
| Metric | April 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $182,450 | +5.8% |
| Price per Sq Ft | $105 | +1.9% |
| Avg Days on Market | 63 days | +21 days |
| Active Listings | 59 | -28.0% |
| Months of Supply | 9.8 | — |
| Closed Sales | 6 | -57.1% |
| Pending Sales | 11 | -31.2% |
| Sale-to-List Ratio | 95.5% | — |
New Orleans East saw a sharp pullback in volume: just 6 closings in April versus 14 a year ago. The median edged up to $182,450, but months of supply ballooned to 9.8 — firmly in buyer's territory. With 59 active listings and only 11 pending, absorption remains sluggish.
The Luxury Market ($500K+)
The $500K-plus tier produced 103 closings in April — a 53.7% jump from last year's 67. Pending sales nearly doubled to 113, and months of supply compressed to 4.1 from 7.5. The median rose modestly to $782,500. For sellers in this range, the spring market is delivering better absorption than any April in recent memory. For buyers, competition has returned to the luxury segment — but the 96.8% sale-to-list ratio still leaves room for negotiation.
April reminded me why this city's real estate never follows a single script. Uptown's sprinting, the Quarter's doing its own thing, and Gentilly keeps quietly outperforming expectations. If you're selling, pricing accuracy matters more now than it did six months ago — buyers are active but they're informed. If you're buying, don't mistake a seller's market for an impossible one. There's a path to the right home in every neighborhood; the approach just varies.
Clint LaCour
CEO, Rêve Realtors
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Frequently Asked Questions
What is the median home price in Uptown New Orleans in April 2026?
The median single-family sale price in Uptown New Orleans was $637,119 in April 2026, a 9.0% increase from $584,336 in April 2025.
Is New Orleans a buyer's or seller's market in April 2026?
Most New Orleans neighborhoods are in a seller's market as of April 2026. Lakeview has the tightest supply at 2.4 months, while Gentilly sits at 3.8 months. New Orleans East is the exception at 9.8 months of supply, making it a buyer's market.
How does Lakeview compare to Gentilly for home prices in 2026?
Lakeview's median single-family price in April 2026 was $534,500 compared to $263,750 in Gentilly. Gentilly's price per square foot of $182 is about 31% below Lakeview's $264.
What is the median home price in Algiers, New Orleans?
The combined Algiers market had a median single-family price of $177,637 in April 2026.
How is the luxury real estate market performing in New Orleans in 2026?
New Orleans' $500K+ luxury market closed 103 sales in April 2026, up from 67 a year ago. The median luxury price was $782,500, with 113 pending sales and a 96.8% sale-to-list ratio.
What are the most affordable neighborhoods in New Orleans to buy a home?
The most affordable single-family markets in New Orleans as of April 2026 are Algiers, New Orleans East, and Gentilly.
Data sourced from Courted.io. Single family residential unless otherwise noted. Figures represent April 2026 and are calculated from 13-month rolling Courted export data. Low-volume markets are noted and should be interpreted with caution.
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