Updated May 2026 · Redfin · 3-month window
70118 Real Estate Market Update: New Orleans, LA, May 2026
The latest housing-market numbers for ZIP code 70118 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 | $445K | ▼ -1.1% | ▼ -5.8% |
| Days on market | 64 | ▼ -20.0% | ▼ -38.8% |
| Homes for sale | 162 | ▼ -5.8% | ▼ -29.9% |
| Sale-to-list | 95.1% | ▼ -0.4% | ▲ +1.1% |
| Homes sold | 106 | ▲ +24.7% | ▲ +8.2% |
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 70118 numbers say
The 70118 ZIP in New Orleans is cooling. The median sale price sits at $445,000, 5.8% below last year. The market has loosened: a typical listing now takes around 64 days to go under contract, with sellers getting 95.1% of list price.
Based on 106 recent sales, 70118 is currently an active market.
What this means if you sell in 70118
Use these figures to set expectations early. Lead a listing appointment with the median price and the 64-day pace, show the year-over-year direction, and frame 70118 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 70118 housing market
- What is the median home price in ZIP 70118 (New Orleans, LA)?
- As of May 2026, the median sale price in ZIP 70118 is $445,000 (-5.8% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 70118 a buyer's or seller's market right now?
- ZIP 70118 is currently an active market, based on a 95.1% sale-to-list ratio, about 64 days on market for May 2026.
- How long do homes take to sell in ZIP 70118?
- A typical listing in 70118 goes under contract in about 64 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 70118 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.