Is Now a Good Time to Sell a Home in Freret New Orleans?
A data-driven look at the Freret real estate market, sales, multifamily, and rentals | May 2026
Freret is one of the better comeback stories in post-Katrina New Orleans.
For decades the corridor sat largely dormant, boarded-up storefronts, empty lots, and the memory of what had once been a thriving neighborhood commercial strip.
Then around 2009, Cure opened on Freret Street. The craft cocktail bar that would eventually land on North America’s 50 Best Bars list proved the neighborhood could be a destination. Company Burger, High Hat Café, Mint Modern Vietnamese, and Mojo Coffee House followed.
Today it’s a locally-owned, walkable corridor of restaurants, bars, and small businesses tucked into a residential neighborhood of shotgun houses, Creole cottages, and renovated doubles. Tulane is a few blocks away. A Trader Joe’s is coming. The housing stock reflects the demand.
The market data here is thin by volume, Freret is a small neighborhood, but the signals are consistent.
Single Family Sales
Four active listings across the entire neighborhood. Six closings in 90 days and three currently under contract. More homes have found buyers recently than are available to purchase right now. When correctly priced single family homes come to market in Freret, buyers are ready — 35-day median DOM on closings backs that up.
At the median closed price of $540,000 with 5% down, you’re looking at roughly $3,823/month (P&I, taxes, insurance, PMI) and approximately $43,200 cash to close at today’s rate of 6.40%.
Multifamily
This is where the story shifts. Ten active multifamily listings, zero under contract, three closings in 90 days. One closing per month. The direction is clear: Freret multifamily buyers have options and real negotiating leverage right now. If you’ve been watching doubles in this neighborhood, the current environment favors you. The spread between median active and median closed looks counterintuitive on only three closings — don’t read too much into the price comparison with a sample that small.
Rentals
20 active, 20 leased in 90 days, roughly 7 units per month. Steady but not aggressive absorption. The gap between median active rent ($1,848) and median leased rent ($1,725) is the detail worth noting: renters are negotiating about $125 off asking on average. Landlords pricing above market are sitting longer. Units priced correctly are leasing in 26 days.
What it means
Buyers: Four single family homes available in the entire neighborhood. Inventory is not going to open up significantly here, move when the right home comes available.
Sellers: Two months of single family inventory is firmly seller’s market territory. Correctly priced homes are closing in just over a month.
Investors: Ten active multifamily listings, zero under contract. Buyers have leverage. If you’ve been watching Freret doubles, now is the time to negotiate.
Renters: 20 active units, 45-day median DOM. You have options and some room to negotiate on price.
If this data raised questions about your own situation, buying, selling, or investing in Freret, feel free to reach out. No pressure, just a conversation. 504.335.7481 or…