Updated May 2026 · Redfin · 3-month window
70116 Real Estate Market Update: New Orleans, LA, May 2026
The latest housing-market numbers for ZIP code 70116 in New Orleans, Louisiana, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $410K | ▲ +7.2% | ▲ +18.3% |
| Days on market | 159 | ▼ -5.4% | ▲ +10.4% |
| Homes for sale | 192 | ▼ -13.1% | ▼ -28.1% |
| Sale-to-list | 94.6% | ▲ +2.0% | ▼ -0.8% |
| Homes sold | 60 | ▲ +20.0% | ▲ +25.0% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 70116 numbers say
Prices in New Orleans's 70116 ZIP are still climbing. The median sale price reached $410,000, up 18.3% year over year. The market has loosened: a typical listing now takes around 159 days to go under contract, with sellers getting 94.6% of list price.
Based on 60 recent sales, 70116 is currently an active market.
What this means if you sell in 70116
Use these figures to set expectations early. Lead a listing appointment with the median price and the 159-day pace, show the year-over-year direction, and frame 70116 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the New Orleans post →Frequently asked: the 70116 housing market
- What is the median home price in ZIP 70116 (New Orleans, LA)?
- As of May 2026, the median sale price in ZIP 70116 is $410,000 (+18.3% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 70116 a buyer's or seller's market right now?
- ZIP 70116 is currently an active market, based on a 94.6% sale-to-list ratio, about 159 days on market for May 2026.
- How long do homes take to sell in ZIP 70116?
- A typical listing in 70116 goes under contract in about 159 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 70116 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.