I hope you had an amazing Labor Day!
Yesterday typically is the marker for the Fall Season of real estate in New Orleans. Kids are back in school, routines are a bit more set, and we can pretend its getting cooler outside.
Market Overview: September 2026
Key Metrics (30-day):
Active: 1,198
Closed: 187
Median List Price: $302,450
Median Sale Price: $365,000
Median $/SqFt: $207
Median DOM: 48 days
The past 3 months has seasonally been the slowest time in our market. The fall typically sees more uptick in buyer activity. With this in mind its encouraging to see the MOI continue to keep us in a balance market.
Price and presentation typically spurs buyer decision making. Never just count on the market.
The market split three ways:
Entry-level (under $300K) is a buyer’s market: 8.9 MOI, 71-day DOM, prices dropping to $198K.
Mid-market ($300K–$500K) is balanced at 6.6 MOI but closes fastest (27 days), that’s where the action is.
Premium ($500K+) still favors sellers: 3.0–5.1 MOI, median closes $640K–$1.4M holding strong.
Neighborhood Spotlights
Lakeview / West End
Active Listings: 23
Recent Closings: 10 properties
Median DOM: 28 days
Median List Price: $587,000
Bywater
Active Listings: 25
Recent Closings: 2 properties
Median DOM: 62 days (active)
Median List Price: $475,000
Irish Channel
Active Listings: 20
Recent Closings: 3 properties
Median DOM: 30 days
Median List Price: $599,000
Mid-City
Active Listings: 21
Recent Closings: 3 properties
Median DOM: 61 days
Median List Price: $425,000
Gentilly
Active Listings: Under 12 (supply-constrained)
Recent Closings: 1–2 properties
Median DOM: 45+ days
For Buyers:
If you’re under $300K, don’t rush, you’ve got time and leverage. Ask for inspections, contingencies, appraisal gaps covered. Mid-market buyers should move decisively when they find the right property; it’ll close in 27 days. Premium buyers need to be ready to commit fast; there is a lot of competition so you may need to be creative.
For Sellers:
Its a story of price, if you are priced under $300k its important to be more prepped than you may think. Price with your competition in mind and consider a lot of the steps found in the past post on selling.
If you are mid-market or at a luxury price you are entering a market that has more buyers however first impressions are still vital. Price and presentation typically spurs buyer decision making. Never just count on the market.
Philip Ewbank · Licensed Realtor · Keller Williams Realty New Orleans
License #0995700196 · Each office independently owned and operated.