Get Ur Geek OnHouse HuntingMove to New OrleansSell It Like You Own ItPrice Trends in New Orleans Real Estate; New Neighborhood Rankings From 1-48

June 27, 20213
https://livinginthecrescent.com/wp-content/uploads/2021/06/From-the-Rust-1280x906.jpg

I just finished updating the market information for all 48 neighborhoods in my listing map of New Orleans. You’ll see these stats when you hover over each of the neighborhoods in the desktop version of the site. Freshening up these numbers gives me great information to track how prices are moving all over the city.

The median sales price is based upon transactions that closed in the last 12 months. The number of sales is included, so you can see how active the market has been in each neighborhood and get a sense for how seriously to take the trends. For example, there are a couple of neighborhoods that average less than a sale per month; that’s not a large enough sample size to get a truly accurate result.

 

 NeighborhoodMedian Sales Price ChangeNumber of Sales
1Black Pearl+44.3%47
2Lower 9th Ward+38.5%35
3Carrollton+30.6%62
4Gentilly Terrace+30.3%114
5Irish Channel+25.1%112
6Gert Town+24.8%18
7St. Claude+21.8%112
8Lower Garden District+19.8%140
9Bywater+19.6%72
10Uptown+19.5%91
11Algiers+18.3%437
12Desire+17.6%7
13Fairgrounds+16.9%56
14Garden District+15.9%58
157th Ward+14.8%109
16Marigny+14.4%60
17Mid-City+14.2%121
18French Quarter+13.3%138
19Central City+12.7%89
20Dillard/St. Bernard+11.8%81
21Algiers Point+11.8%107
22Holy Cross+10.1%52
23New Orleans East+8.1%480
24Riverside+7.4%133
25St. Roch+6.1%105
26Navarre+4.9%42
27Lakewood+4.4%40
28Lakeview+4.1%338
29Tulane-Gravier+4.1%20
30Pontchartrain Park/Gentilly Woods+3.7%69
31Lake Terrace/Oaks+3.5%36
32Broadmoor+3.0%80
33Leonidas+1.9%103
34Lake Shore/Lake Vista+1.2%86
35Milan+0.9%77
36Bayou St. John+0.7%44
37Filmore/St. Anthony+0.3%172
38Treme-0.4%56
39Audubon-1.1%166
40Hollygrove-1.8%40
41CBD/Warehouse District-6.3%156
42Milneburg-6.3%93
43English Turn/Lower Coast-6.7%51
44West End-9.1%154
45Fontainebleu-10.1%88
46Freret-12.7%25
47Touro-13.8%32
48Venetian Isles-24.6%3

This analyzes sales of single family homes, condos, townhomes and patio homes. Our system sorts doubles into a separate, multi-family category. If you have any questions, please feel free to ask me. I’ll post a new ranking when I update the stats again.

3 comments

  • Denise Germer

    July 24, 2021 at 4:40 pm

    Do you have stats on price per sq ft in the French Quarter? Surrounding neighborhoods?

    Reply

    • Dave

      July 25, 2021 at 5:39 pm

      Hi, Denise. Thanks for your questions. I’ll post some $/sf stats later today, when I’m back in front of my laptop. I will say that $/sf can be misleading in any neighborhood — it assumes all square footage is of equal quality. However, it’s especially tricky in the Quarter. For example, a property with a parking spot will fetch a higher price, which has nothing to do with the square footage.

      I’ll give you info on the Quarter and Marigny. If you’d like any other neighborhoods, please let me know.

      Reply

    • Dave

      July 26, 2021 at 5:03 pm

      These stats are based upon the last year of sales in the Quarter:
      Median Sales Price: $389,000
      Median Square Footage: 864
      Median Price per Square Foot: $457.36

      Here are the same stats for the Marigny:
      Median Sales Price: $525,000
      Median Square Footage: 1,738
      Median Price per Square Foot: $320.48

      You’ll generally see a higher price per square foot for smaller properties. Since Marigny homes have twice the square footage, that explains some of the difference in that stat.

      The numbers in the CBD/Warehouse District might be more comparable, because the sales in that neighborhood are almost entirely condos. In the last year, none of the sales there were single family, and only 18% were in the French Quarter. So here are the stats for the CBD/Warehouse District:
      Median Sales Price: $443,000
      Median Square Footage: 1,022
      Median Price per Square Foot: $421.35

      I hope this helps. If you have any questions, feel free to call, text or email.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

https://livinginthecrescent.com/wp-content/uploads/2019/11/living-in-the-crescent-FINAL.png
It’s a big, beautiful world. (If you’re reading all the way down here, you deserve some positivity.)

Wanna Follow?

Subscribe to Email Updates

    Licensed in the State of Louisiana, USA.
    Rêve Realtors
    1477 Louisiana Ave #101|| New Orleans, LA 70115 || 504.300.0700