Real Estate in New Orleans is a fickle beast right now! As your Realtors in New Orleans, we want to make sure you’re up to date on stats, sales, and the hottest New Orleans neighborhoods. This graphic is a weekly guide for May 2024 to show interest rates for conventional and FHA loans, how many houses hit the market each week, and how many went under contract.
Here’s the rundown of the hottest New Orleans neighborhoods for real estate, aka hot hoods, for May 2024:
There were 227 single-family home sales in New Orleans for May. (3 more than May of 2023!)
- 0-100k: 13 Sales; Algiers was the winner with over half the sales
- 100k-200k: 38 sales; Algiers wins this category again!
- 200k-300k: 41 sales; Gentilly was neck-in-neck with NO East!
- 300k-400k: 23 sales; Leonidas took the trophy here!
- 400k-500k: 32 sales; Lakeview tends to always win this price range
- 500k-750k: 43 sales; Lakeview
- 750k-1 Million: 17 sales; Uptown dominated this category!
- 1M & Up: 24 sales; Uptown; Highest sale was $4M
New Orleans had 72 multi-family home sales in May 2024.
Multi-Family Hot Hoods:
- 0-100k: 2 sales; St. Claude
- 100-200k: 16 sales; St. Roch
- 200-300k: 12 sales; Mid-City
- 300-400k: 19 sales; 7th Ward was the winner
- 400-500k: 11 sales; Fairgrounds had 3 of these sales
- 500-750k: 16 sales; Bywater
- 750k – 1M: no sales in this price range
- 1M & Up: 2 sales; Uptown & Lower Garden District; highest sale was $1.342M
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