Mid City New Orleans Home Sales
After bumping around a bit in 2013, Mid City New Orleans home sales prices ended the first quarter of 2014 basically back where they started the year before. April 2014, however, showed a big bump, with average home prices coming in at just over $280,000 and median prices at $230,000.
- Average sale price 1Q2014: $191,429
- Average sale price April 2014: $280,638
As we move into the high selling season, the number of homes being sold is up significantly as well. Thirty seven (37) units were sold in the 1st quarter of 2014 and twenty-four (24) units were sold in April 2014 alone.
The growth in the Mid City market can be attributed to at least a couple of factors:
- New retail developments in the area are making it more attractive to home buyers
- Higher prices in other parts of the city are pushing people into neighborhoods that are more affordable
Have a question about the value of your Mid City home? Contact us at 504-327-5303 and we will be happy to help you pin point the right price range for your property.