Uptown New Orleans LA 70118 | March 2014 Home Sales

Uptown New Orleans real estate

Uptown New Orleans Real Estate Trends

Average single family home list prices in the 70118 zip code have shot up from $379,112 in 4Q12 to $667,974 1Q14. This is interesting given that both average and median sale prices have been declining over the past 3 quarters as seen below.

At the end of March 2014, the average sale price of a single family home in the 70118 zip code was down 23% from the end of 2013.

March 2014 home sale prices in New Orleans LA 70118

Information provided by GSREIN and is deemed reliable, but not guaranteed

 

Inventory

After an end of summer slump in available homes, the spring market in the 70118 zip code has gained momentum, with 55 homes currently for sale. What sellers need to keep in mind is that the average home has been on the market for 105 days, while sold homes were on the market for an average of just 56 days. Pricing, no matter what part of the market you are in, plays a factor in the time it will take to sell your home.

Active listings: 55
Average list price: $308,674
Median list price: $169,900

Pending listings (typically still in inspection period): 24
Average list price: $716,617
Median list price: $388,500

Under contract listings: 21
Average list price: $564,300
Median list price: $349,000

 

Do you need help selling your New Orleans home? Fill out the form below and we’ll be happy to get started on finding the right price for you.

Request a private home valuation

Get a professional agent valuation of your New Orleans home
  • Tell us who you are
  • Tell us a little about your home and how we can help you.

Comments or Questions? Go!