70124 Real Estate Market

70124 Market

The median sale price for homes in 70124 over the last 12 months is $185,000.


The median mortgage debt is $97,445.

Additional Statistics for Single Family Homes and Condos in New Orleans, LA
$396,750
Median Listing Price
54
Median Days on Market
119
Active Listings
5.0%
Distressed Listings
(foreclosures and short sales)
70124 (New Orleans, LA) Price Trends - Sold vs. Listed
The median list price in May for single family homes in New Orleans is $434,450. The list prices increased by 8.74% from the previous month.

The price per square foot for listings in this area is $177.

The median sale price in March for single family homes is $241,500. The sale prices dropped by -23.33% from the previous month.

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70124 (New Orleans, LA) Market Inventory Trends

The number of active listings in New Orleans dropped by 6% from the previous month.

The median number of days active properties have been listed is 49. This is significantly shorter than the national average.

The number of sales in March dropped by 86.7% from the previous month.

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70124 (New Orleans, LA) Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.