Uptown New Orleans Home Sales – 70115
The first quarter of 2014 showed a drop in both the average and median sale prices of single family homes in the 70115 zip code. However, historically we have seen a big bump during the second quarter of each year, so sellers should not panic and buyers shouldn’t sit back thinking that the bubble has burst.
The number of homes sold is slightly up from 1Q2013 (58) to 1Q2014 (62) – expect to see that number go way up between April and June. Days on market has remained stable at an average of 47 days over the last year.
- Average sale price: $418,040 (up from $394,465 in March 2013)
- Median sale price: $351,500 (down from $362,750 in March 2013)
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