There are 105 homes for sale in Orleans Parish between $285K and $325K, with a median 48 days on market before selling in the past 30 days.
Below is a list of homes, a condo and a multifamily that hit the market in the last 7 days in this price range.
One of these has been listed four times in two years, tried as a rental in between, and is back today seventy thousand dollars under what the owner paid for it.
Here’s what $300,000 gets you in New Orleans right now:
2420 Dreux Ave, New Orleans, LA 70122 · $299,000 · 3 beds · 2 baths · 1,574 sqft
Completely renovated Gentilly Terrace cottage, open floor plan, stainless appliances with the washer and dryer included, fenced yard, off street parking. Near City Park, Bayou St. John, and the Fair Grounds. The current owner bought this one for $165,000 in December 2022. Tried selling it in three separate rounds since August 2025, starting at $339,000 and dropping each time. This is the first time it’s been under $300,000.
4214 Ulloa St, New Orleans, LA 70119 · $315,000 · 6 beds · 2 baths · 1,974 sqft
Two matching 3 bedroom units, separate water and electric meters on each side. Freshly painted with cosmetic updates. Live on one side and let the other help with the mortgage. Listed at $350,000 back in February, cut twice down to $315,000, expired in August, relisted at the same price a month later.
8931 Jeannette St, New Orleans, LA 70118 · $325,000 · 3 beds · 3.5 baths · 1,717 sqft
Fully renovated craftsman on a dead end street in West Carrollton, no through traffic. New roof, solar panels, new energy efficient windows, new siding, new kitchen cabinets, quartzite counters. The current owner bought this one for $115,000 in February 2025 and just finished the renovation. Listed yesterday.
900 Bartholomew St #319, New Orleans, LA 70117 · $300,000 · 2 beds · 2 baths · 1,000 sqft
Third floor condo at The Saxony in the Bywater, courtyard pool view, private balcony, in unit laundry, gated parking, elevator, dog run. $510 a month condo fee. Not FHA or VA approved, so financing here is cash or conventional only. This one’s had a long run. Bought for $370,000 in February 2022. Listed for sale in 2024 at $380,000, cut over a year down to $350,000, expired. Relisted at $350,000, cut to $325,000, expired again. Tried renting it out in between at $2,600 a month, cut to $2,100, rented for a few months, then that ended too. Back on the market today at $300,000, seventy thousand under what the owner paid.
Below is a hypothetical scenario at $300,000, 3% down conventional vs 3.5% down FHA, courtesy of Cameron Budzius over at The Mortgage Krewe.
Rates are today’s published national averages, not a locked quote. 7.065% conventional and 6.502% FHA, per Mortgage Research Center, September 18, 2026. Insurance and property tax figures below are rough placeholders, not property specific quotes.
Scenario #1: 3% Down Conventional Loan, 30 Year Fixed Rate Mortgage
Sales Price: $300,000
Down Payment: $9,000
Loan Amount: $291,000
Rate: 7.065%
P&I Payment: $1,949
PMI (est.): $90
Homeowners Insurance (est.): $250
Property Taxes with Homestead Exemption (est.): $240
TOTAL MONTHLY PAYMENT (est.): $2,529
Scenario #2: 3.5% Down FHA Loan, 30 Year Fixed Rate Mortgage
Sales Price: $300,000
Down Payment: $10,500
Loan Amount: $294,566 (includes financed upfront MIP)
Rate: 6.502%
P&I Payment: $1,862
MIP (est.): $135
Homeowners Insurance (est.): $250
Property Taxes with Homestead Exemption (est.): $240
TOTAL MONTHLY PAYMENT (est.): $2,487
Closing costs and cash to close aren’t included here since they vary by lender and title company. Cameron can run the exact numbers for whichever property you’re actually looking at. Check out the post on Seller Concessions to learn what you could negotiate based on your loan type.
Philip Ewbank | Realtor Keller Williams Realty New Orleans | 504.335.7481