7 Days in New Orleans Real Estate :: September 18 2018

new orleans real estate

Source: GSREIN 9/18/2018

7 Days in New Orleans Real Estate

As we move into the end of the summer season, it’s time to take a quick look at what’s happening in the New Orleans residential real estate market.

Over the last 7 days, here’s the activity for Orleans Parish.

  • New Listings: 119
  • Price Decrease: 177
  • Price Increase: 6
  • Back on the Market: 19
  • Sold: 77
  • Withdrawn: 26
  • Expired: 42
  • Under contract/pending: 100

The details

  • Lowest sold price: $23,000 – 1301 Lamanche Street, a fixer upper in poor condition
  • Highest sold price: $1,875,000 – 1114 Burgundy Street, a restored Creole cottage in the French Quarter

  • Lowest priced new listing: $24,900 – 3426 Blair Street in Algiers, a fixer upper in poor condition
  • Highest priced new listing: $2,950,000 – 1231 Bourbon Street #1231, a condo in the French Quarter

The overall market

There are currently 1,725 residential properties for sale in New Orleans. The average listing has 3 bedrooms, 3 baths, 2,319 square feet of living area, and is listed for $492,219.

The median listing has 3 bedrooms, 2 baths, 1,888 square feet of living area, and is listed for $345,000.

 

Need advice on buying or selling a New Orleans home? We’ve got neighborhood experts standing by, ready to help you today. 504-327-5303

 

 

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