New Orleans Homes Above $1M Are Selling in 9 Days
What days on market by price tier is showing in New Orleans right now: April 2026
Agents I work with have been saying this for a while: “If you have a listing priced at $1M or above, it feels like it moves fast. Meanwhile something in the $200Ks can sit for what feels like forever.”
I wanted to check the data instead of just taking that at face value. So I pulled Orleans Parish single family, no condos, no doubles, broken into price tiers. Active listings as of today and closed sales over the last 90 days.
Here’s what the median days on market looks like at each price point:
Honestly I was expecting a ‘K-shaped’ result, expensive homes moving quickly, lower-priced homes sitting.
What the data actually shows is closer to a ‘checkmark’. The real drag is in the $200K–$350K range, which has the most active inventory in the city at 440 listings and the slowest mid-market movement. Under $200K sits even longer on active DOM at 79 days, not because demand is absent, but likely because financing is harder and seller pricing expectations often don’t match condition realities.
Then the market tightens through the $350K–$500K range, which has the most consistent numbers in the dataset, 46 days active, 45 days closed. Buyers in that tier are decisive.
The number that genuinely surprised me: homes between $1M and $1.5M are closing at a median of 9 days. The $1.5M+ tier closes at 11. Both tiers had 29 closings in 90 days against very thin active inventory.
One caveat worth noting on the $1M–$1.5M tier: active median DOM is 85 days, but closed is 9. That gap tells you the overpriced listings are sitting while the well-priced ones are gone almost immediately. Pricing discipline matters at every level, it just shows up more dramatically at the top.
If you’re a buyer in the $350K–$500K range, you’re operating in the most balanced part of this market.
If you’re a seller above $1M, the data suggests your window is narrow once you’re priced right.
If you’re trying to move something under $350K, pricing accuracy is key. Make sure you are familiar with your competing listings and pricing accordingly.