Greater New Orleans Real Estate Market
New Orleans, Louisiana Real Estate
New Orleans is unlike any other real estate market in the South. Historic architecture, unique flood considerations, a globally recognized culture, and a diverse employment base combine to create a market that rewards buyers who do their homework. Eric Scott guides buyers and sellers through the complexity of the Crescent City market with the market depth and patience it requires.
Median Price
$240K to $320K
Days on Market
45 to 70 days
Price Trend
Stable with continued demand in historic districts
Market Note
Flood zone designation significantly impacts insurance costs and buyer calculus
Who Is Buying and Selling in New Orleans
New Orleans draws buyers from a remarkably diverse set of industries and motivations. The Port of New Orleans generates port and logistics industry employment that brings marine, shipping, and freight professionals into the market. Ochsner Health System and LCMC Health are among the largest private employers in the state and consistently recruit physicians, nurses, and healthcare administrators. The tourism and hospitality industry, anchored by the French Quarter and the Convention Center, draws management professionals and entrepreneurs. The arts and entertainment community attracts buyers who specifically choose New Orleans for its cultural identity rather than its employment opportunities. And the city's universities, including Tulane, Loyola, Xavier, and Dillard, add a steady stream of faculty and academic professionals.
New Orleans Neighborhoods and Communities
Lakeview
$250K to $600K+Professionals, families, rebuilt post-Katrina
Lakeview was largely rebuilt after Hurricane Katrina and now features a mix of new construction and renovated older homes along the southern shore of Lake Pontchartrain. It draws professional buyers who want a residential neighborhood feel with access to City Park, good restaurants, and a manageable commute to downtown.
Uptown and Garden District
$350K to $2M+Professionals, luxury, historic character
Uptown and the Garden District represent the prestige residential tier of the New Orleans market. Sprawling mansions, historic architecture, and proximity to the St. Charles Avenue streetcar line make this one of the most sought-after addresses in the city. Tulane and Loyola universities anchor the upper end of St. Charles, and the buyer profile tends toward established professionals, families with the means to maintain older properties, and out-of-state buyers seeking the quintessential New Orleans home.
Metairie
$200K to $500K+Suburban, families, conventional market
Metairie is the suburban alternative to the city for buyers who want access to New Orleans employment and culture without the complexity and cost of the city's historic districts. It offers more conventional suburban housing, newer construction than the city core, and a school system that attracts family buyers. The commute to downtown New Orleans is short, making Metairie a consistent first choice for corporate transferees and relocating professionals.
Northshore (Mandeville and Covington)
$220K to $600K+Families, suburban, school-driven
The Northshore communities of Mandeville and Covington have grown significantly as New Orleans employees willing to cross the Causeway chose St. Tammany Parish for its schools, lower density, and suburban character. The commute to New Orleans runs approximately 45 to 60 minutes depending on traffic, which is the primary trade-off buyers accept in exchange for more space and stronger public schools.
Why Work With Eric Scott in New Orleans
New Orleans is a market that punishes buyers who do not understand what they are buying. Flood insurance costs, historic district regulations, and the gap between list price and true cost of ownership are all factors that a first-time New Orleans buyer can easily underestimate. Eric has spent 15++ years working in Louisiana real estate and understands how to prepare buyers for the real picture, not just the listing sheet. He also has the referral network to connect New Orleans buyers with agents who specialize in specific neighborhoods when that level of local depth is what the transaction calls for.
Call 318-528-7979Interested in New Orleans?
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318-528-7979