As full-time real estate agents in New Orleans, people love asking us “How’s the market?!” Which always leaves us answering back with “Depends on what market you’re talking about!”
It’s so true though. If you’re asking about condos – we need to know what part of the city. If you’re asking about new construction – depends on the quality and what neighborhood too. New Orleans has so many micro-markets that it’s impossible to answer this question with one blanket statement.
Team Be New Orleans pulled the numbers for 2019 though and we are giving you the rundown on our micro-markets!
New Orleans Sales 2019
As a whole, New Orleans has 4666 sales for single-family and multi-family homes. This number also includes condos.
The lowest sale was $20k and the highest sale was $6.9 million.
Out of the 4666 sales, 3078 were single-family homes sold. 624 sales were condos. Multi-family homes covered 897 of those sales.
We had 479 pieces of vacant land sold in New Orleans for 2019.
Single-family Home Stats 2019
The highest sale was in the French Quarter and lowest sale was located in Holy Cross.
Condo Stats 2019
The lowest condo sale was $35k and in Algiers. The highest sale was $2,350,044 and located in the Audubon neighborhood.
The French Quarter acquired the most amount of sales.
Multi-family Home Sales
The highest multi-family home sale was in Algiers – it was a very large apartment complex. The lowest sale was located in Central City.
The least amount of sales came from the Audubon neighborhood.
Vacant Land Sales
The highest sale for vacant land was in the Lakewood neighborhood. The lowest sale can be found in Algiers. The sale in the graphic for $100 was part of a larger sale and not the true sales price.
Gentilly had the most vacant land sales compared to all of New Orleans’ neighborhoods.
The Suburb Stats
Metairie had 1316 single-family home sales.
Gretna had 303 single-family home sale in 2019.
There were 76 single-family home sales in Arabi.
If you would like specific sales numbers for your neighborhood – text us!