New Orleans Home Prices Are Up. So Why Are Homes Sitting Longer?
A look at the tension between rising sold prices and longer days on market in April 2026.
Spring is showing up in the data. Here’s what the last 30 days in New Orleans look like, and how it compares to April 2025.
vs. April 2025
Median sold price: $380k vs $339k — up $41,000
Median sold $/sqft: $195 vs $186 — up
Median sold DOM: 55 days vs 48 days — slightly slower
Homes closed: 159 vs 174 — fewer closings but higher prices
What it means
Buyers: Fewer homes are closing than last April but prices are higher. Well-priced homes are still moving. Anything past 60 days DOM is your negotiation target.
Sellers: Prices are up year-over-year. That’s real. But Days On Market is longer, which means overpriced homes are being punished more than last spring. Condition and pricing still win.
Investors: Doubles at 11.5 months of inventory with a $296k median sold. Run your rent and insurance numbers, the entry points are better than last year. If you need a Deal Calculator reach out, I like mine.
How to look at this?
Prices are up $41,000 from last April. Homes are taking 7 days longer to sell. Those two facts aren't contradicting each other, they're telling the same story. Buyers are still paying up, they're just being more selective about what they pay up for.
I’m working on Neighborhood deep-dives on Gentilly and Carrollton for later this week.