June 2026 New Orleans Market Report
New Orleans Real Estate Market Update
New Orleans shifted into a buyer's market in June, with 6.1 months of supply and a citywide median of $451,371, down 10.4% from a year ago. That drop is worth a second look before you draw conclusions: closed sales fell 27.8% and active listings fell 20.1%, so fewer homes are trading hands on both sides of the deal, and the neighborhoods that sell at the highest prices, Uptown and Lakeview, saw the sharpest pullback in closed volume this month. Homes are still selling close to asking price, at 95.7% of list, and staying on the market about the same length of time as last June, 63 days. Here's how each neighborhood is actually performing.
Market Assessment: Buyers & Sellers
If you're buying: Citywide, you have more room to negotiate than a year ago; 6.1 months of supply and fewer closings mean less competition on average. That said, don't assume the whole city is soft: Uptown and Lakeview are still moving at 3.2 and 3.7 months of supply, so treat each neighborhood on its own terms rather than leaning on the citywide number.
If you're selling: Pricing to the immediate comps matters more this month than it did in May. A well-positioned home in a tighter pocket like Uptown or the Garden District still draws real interest, but overpricing in a looser market like Marigny/Bywater or the CBD means sitting. Know your specific neighborhood's supply before you set the number.
New Orleans Neighborhoods
Uptown
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $709,682 | +0.2% |
| Price per Sq Ft | $337 | -0.7% |
| Avg Days on Market | 62 days | +13 days |
| Active Listings | 176 | -27.3% |
| Months of Supply | 3.2 | — |
| Closed Sales | 55 | -31.2% |
| Pending Sales | 46 | +2.2% |
| Sale-to-List Ratio | 95.4% | — |
If you're watching Uptown from the outside, the flat median price, $709,682, up just 0.2% from last June, might suggest a quiet market, but the real story is scarcity. Active listings dropped 27.3% to just 176 homes, and closed sales fell 31.2%, meaning far fewer Uptown homes traded hands this June than last. At 3.2 months of supply, Uptown is still tilted toward sellers even as the rest of New Orleans loosens, though homes are taking longer to sell, 62 days on average, up from 49 a year ago. Buyers here need patience and a strong offer; sellers still have room to hold their price.
Garden District / LGD
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $754,500 | +15.3% |
| Price per Sq Ft | $334 | -6.2% |
| Avg Days on Market | 183 days | +147 days |
| Active Listings | 24 | -31.4% |
| Months of Supply | 6.0 | — |
| Closed Sales | 4 | -42.9% |
| Pending Sales | 2 | -33.3% |
| Sale-to-List Ratio | 95.6% | — |
The Garden District posted a striking 15.3% jump in median price to $754,500, but with only four homes closing this June, that number swings on a handful of sales and shouldn't be treated as a firm read on values. What is clear: homes are sitting far longer than they used to, 183 days on average, up from 36 a year ago, and there are 31.4% fewer active listings to choose from. If you're eyeing the Garden District, expect a slower process with more room to negotiate than the price alone suggests.
Mid-City / Bayou St. John
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $302,500 | -20.8% |
| Price per Sq Ft | $241 | -9.8% |
| Avg Days on Market | 41 days | -46 days |
| Active Listings | 102 | -25.0% |
| Months of Supply | 6.4 | — |
| Closed Sales | 16 | -15.8% |
| Pending Sales | 11 | +10.0% |
| Sale-to-List Ratio | 97.4% | — |
Mid-City and Bayou St. John saw prices come down, the median is $302,500, down 20.8% from last June, but homes here are moving faster than almost anywhere else in the city, just 41 days on market, down from 87 a year ago. That's an unusual pairing: lower prices, faster sales, and a 97.4% sale-to-list ratio, which tells buyers that well-priced Mid-City homes are getting snapped up quickly even in a looser market. If you've been waiting for an opening in this neighborhood, this could be it, but don't expect to have all the time in the world to decide.
Gentilly
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $333,500 | +11.5% |
| Price per Sq Ft | $178 | +0.8% |
| Avg Days on Market | 52 days | -25 days |
| Active Listings | 150 | -10.7% |
| Months of Supply | 6.0 | — |
| Closed Sales | 25 | +25.0% |
| Pending Sales | 21 | -16.0% |
| Sale-to-List Ratio | 95.4% | — |
Gentilly bucked the citywide trend this June: the median price climbed 11.5% to $333,500, and closed sales jumped 25%, the strongest gain of any New Orleans neighborhood this month. Homes are also selling faster, 52 days on market versus 77 a year ago, a sign that buyer interest here is real and growing. If you've been priced out of Uptown or Lakeview, Gentilly is worth a serious look, it's one of the few pockets of the city where sellers are gaining ground.
Lakeview
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $486,475 | -13.8% |
| Price per Sq Ft | $273 | +6.6% |
| Avg Days on Market | 65 days | -0 days |
| Active Listings | 78 | -51.6% |
| Months of Supply | 3.7 | — |
| Closed Sales | 21 | -43.2% |
| Pending Sales | 29 | +20.8% |
| Sale-to-List Ratio | 96.8% | — |
Lakeview's headline median, $486,475, down 13.8% year over year, undersells what's really happening: there are 51.6% fewer homes on the market than last June, the sharpest inventory drop in the city, and price per square foot actually rose 6.6% to $273. That combination suggests home values are holding steady even as fewer properties change hands. At 3.7 months of supply and homes still selling at 96.8% of asking, Lakeview remains a competitive neighborhood for buyers, just with far fewer choices than a year ago.
French Quarter / Treme
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $292,500 | -60.9% |
| Price per Sq Ft | $212 | -24.9% |
| Avg Days on Market | 83 days | -25 days |
| Active Listings | 55 | -46.1% |
| Months of Supply | 13.8 | — |
| Closed Sales | 4 | +100.0% |
| Pending Sales | 7 | +250.0% |
| Sale-to-List Ratio | 96.4% | — |
Single-family sales in the French Quarter and Tremé were thin this June, just four homes closed, and that small number is behind the eye-catching 60.9% drop in median price to $292,500. With 13.8 months of supply, this pocket of the city has by far the most inventory relative to sales pace of anywhere in New Orleans, and homes are taking longer to sell, 83 days on average. Because condos and attached homes make up so much of this neighborhood's activity, they tell a fuller story than single-family sales alone.
Marigny / Bywater
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $269,000 | -36.0% |
| Price per Sq Ft | $189 | -22.8% |
| Avg Days on Market | 84 days | +3 days |
| Active Listings | 156 | -2.5% |
| Months of Supply | 14.2 | — |
| Closed Sales | 11 | -50.0% |
| Pending Sales | 17 | -5.6% |
| Sale-to-List Ratio | 97.2% | — |
Marigny and Bywater's single-family median dropped 36.0% to $269,000 this June, with closed sales down by half to just 11, and supply now sitting at 14.2 months, among the loosest in the city. Active listings held fairly steady, down only 2.5% to 156, so inventory isn't disappearing, it's simply not selling as fast. This is a neighborhood built on condos and cottages as much as detached homes, so buyers and sellers here should weigh the fuller all-types picture alongside the single-family numbers.
CBD / Warehouse District
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $149,250 | -46.2% |
| Price per Sq Ft | $108 | -41.5% |
| Avg Days on Market | 110 days | +28 days |
| Active Listings | 20 | -25.9% |
| Months of Supply | 6.7 | — |
| Closed Sales | 3 | 0.0% |
| Pending Sales | 3 | 0.0% |
| Sale-to-List Ratio | 92.2% | — |
The CBD and Warehouse District's single-family numbers this June come from just three closed sales, too small a sample to draw real conclusions, and that's why the median shows a steep 46.2% drop to $149,250. The fuller picture, which includes the condos and lofts that dominate this neighborhood's housing stock, shows a median of $285,000 across eight sales, a far more representative number. If you're considering the CBD, look at the all-types data, not the single-family figure alone.
Algiers
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $220,750 | -17.3% |
| Price per Sq Ft | $127 | -8.4% |
| Avg Days on Market | 56 days | -14 days |
| Active Listings | 217 | +3.3% |
| Months of Supply | 9.0 | — |
| Closed Sales | 24 | -31.4% |
| Pending Sales | 31 | +24.0% |
| Sale-to-List Ratio | 95.5% | — |
Algiers is one of the few New Orleans neighborhoods where inventory actually grew this June, active listings are up 3.3% to 217 homes, giving buyers more to choose from than a year ago. That extra supply, 9.0 months worth, has coincided with a 17.3% drop in median price to $220,750, though homes are still selling briskly, in 56 days on average, 14 days faster than last June. For buyers looking for value and selection in New Orleans, Algiers stands out this month.
New Orleans East
| Metric | June 2026 | YoY Change |
|---|---|---|
| Median Sale Price | $160,500 | -10.8% |
| Price per Sq Ft | $78 | -15.7% |
| Avg Days on Market | 44 days | -40 days |
| Active Listings | 48 | +11.6% |
| Months of Supply | 8.0 | — |
| Closed Sales | 6 | -33.3% |
| Pending Sales | 9 | +200.0% |
| Sale-to-List Ratio | 90.7% | — |
New Orleans East remains the most affordable part of the city, with a median of $160,500 and price per square foot at just $78, both well below every other New Orleans neighborhood. Homes here are also moving noticeably faster, 44 days on market, down 40 days from last June, even as the number of closed sales fell to just six. With inventory up 11.6% to 48 active listings and a sale-to-list ratio of 90.7%, buyers have both selection and negotiating leverage in this corner of the city right now.
The Luxury Market
The $500K-plus tier is telling a different story than the territory as a whole. Luxury median price rose 6.1% to $822,000 and price per square foot climbed 5.2% to $345, even as closed sales fell sharply, down 47.4% year over year to 61. With 4.9 months of supply, luxury remains tighter than the broader market, and a 97.7% sale-to-list ratio shows buyers are still paying close to ask for the right property.
June's numbers can look like a market in retreat if you only glance at the citywide median. Look closer and the picture is more specific: fewer homes sold and fewer homes came to market this month, and that mix pulled the average down even though several neighborhoods held their value or gained. If you're buying, you have more room to negotiate than you did in the spring. If you're selling, price matters more than ever, homes that are priced accurately are still moving at 95.7% of asking.
Clint LaCour
CEO, Rêve Realtors
These are general market numbers. Rêve agents pull data from the specific micro markets to price and position your home with precision.
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Frequently Asked Questions
What is the median home price in New Orleans in June 2026?
The median single-family home price across the New Orleans territory was $451,371 in June 2026, down 10.4% from June 2025. That decline reflects a mix and volume shift as much as a change in values, closed sales fell 27.8% and active listings fell 20.1%, with the highest-priced neighborhoods, Uptown and Lakeview, seeing the steepest drops in transaction volume.
Is New Orleans a buyer's or seller's market right now?
New Orleans is in buyer's market territory as of June 2026, with 6.1 months of supply, above the 6-month threshold that defines a buyer's market. That's a shift from May 2026, when the territory was balanced at 4.8 months of supply. Even so, homes are still selling close to asking price, at 95.7% of list on average, so it's a moderate shift in leverage, not a collapse in demand.
How do Uptown and Lakeview compare in June 2026?
Uptown's median held nearly flat at $709,682 (up 0.2% year over year) with 3.2 months of supply, while Lakeview's median fell 13.8% to $486,475 but held 3.7 months of supply and saw price per square foot actually rise 6.6% to $273. Both neighborhoods saw sharp declines in closed sales, Uptown down 31.2% and Lakeview down 43.2%, and both remain tighter than the territory average, meaning the price movements reflect thinner transaction volume more than a shift in underlying demand.
What are home prices like in Gentilly right now?
Gentilly's median price rose 11.5% year over year to $333,500 in June 2026, one of the few New Orleans neighborhoods moving against the citywide trend. Closed sales jumped 25% and homes sold 25 days faster than a year ago, at 52 days on market, signs of strengthening demand in this part of the city.
How is the New Orleans luxury market performing?
The $500K-plus luxury tier is outperforming the broader New Orleans market. The luxury median rose 6.1% year over year to $822,000, and price per square foot climbed 5.2% to $345, even though closed sales fell 47.4%. With 4.9 months of supply and a 97.7% sale-to-list ratio, the luxury segment remains tighter and more resilient on price than the territory overall.
Where are the most affordable New Orleans neighborhoods?
New Orleans East is the most affordable submarket in the territory, with a median price of $160,500 and just $78 per square foot in June 2026. Algiers follows at a $220,750 median, and the Marigny/Bywater and French Quarter/Tremé areas post low six-figure medians on an all-types basis, $216,250 and $345,000 respectively, when condos and attached homes are included alongside single-family sales.
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