A look back at the New Orleans real estate market: 2024 vs 2025, with early 2026 activity
Looking past the headlines to see how 2024 and 2025 really compare
Happy New Year and and I hope you had an awesome 12th Night!
With the year turning and the season getting started, I wanted to step back and compare how the New Orleans real estate market actually moved in 2024 versus 2025.
Single-family homes
2024
Closed sales: 2,137
Median sale price: $340,000
Median DOM: 38
2025
Closed sales: 2,219
Median sale price: $344,000
Median DOM: 46
Doubles / Duplexes
2024
Closed sales: 584
Median sale price: $307,000
Median DOM: 37
Median price per sq ft: $153.86
2025
Closed sales: 555
Median sale price: $308,000
Median DOM: 48
Median price per sq ft: $149.88
Interest Rate History
January 2024: ~6.6
January 2025: ~7.13%
Current (early 2026): ~6.19%
FHA: ~5.8%
Early 2026 activity (first 7 days of the year)
Single-Family Homes
Newly Active: 62 homes
Newly Pending / pending continue to show: 24 homes
Newly Closed: 14 homes
Median closed price: $320,000
Median DOM (closed): 34 Days
Doubles / Duplexes so far in 2026
Newly Active: 21 homes
Newly Pending / pending continue to show: 5 homes
Newly Closed: 4 homes
Median closed price: $320,000
Median DOM (closed): 56 days
2026 Forecasting
With interest rates trending lower than early 2025, insurance pressure easing in some segments, and a short Mardi Gras season that typically marks the start of buying activity in New Orleans, I’m bullish on the New Orleans market in 2026, particularly for properties priced in line with current buyer expectations.