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.
| Neighborhood | Median Sales Price Change | Number of Sales | |
|---|---|---|---|
| 1 | Black Pearl | +44.3% | 47 |
| 2 | Lower 9th Ward | +38.5% | 35 |
| 3 | Carrollton | +30.6% | 62 |
| 4 | Gentilly Terrace | +30.3% | 114 |
| 5 | Irish Channel | +25.1% | 112 |
| 6 | Gert Town | +24.8% | 18 |
| 7 | St. Claude | +21.8% | 112 |
| 8 | Lower Garden District | +19.8% | 140 |
| 9 | Bywater | +19.6% | 72 |
| 10 | Uptown | +19.5% | 91 |
| 11 | Algiers | +18.3% | 437 |
| 12 | Desire | +17.6% | 7 |
| 13 | Fairgrounds | +16.9% | 56 |
| 14 | Garden District | +15.9% | 58 |
| 15 | 7th Ward | +14.8% | 109 |
| 16 | Marigny | +14.4% | 60 |
| 17 | Mid-City | +14.2% | 121 |
| 18 | French Quarter | +13.3% | 138 |
| 19 | Central City | +12.7% | 89 |
| 20 | Dillard/St. Bernard | +11.8% | 81 |
| 21 | Algiers Point | +11.8% | 107 |
| 22 | Holy Cross | +10.1% | 52 |
| 23 | New Orleans East | +8.1% | 480 |
| 24 | Riverside | +7.4% | 133 |
| 25 | St. Roch | +6.1% | 105 |
| 26 | Navarre | +4.9% | 42 |
| 27 | Lakewood | +4.4% | 40 |
| 28 | Lakeview | +4.1% | 338 |
| 29 | Tulane-Gravier | +4.1% | 20 |
| 30 | Pontchartrain Park/Gentilly Woods | +3.7% | 69 |
| 31 | Lake Terrace/Oaks | +3.5% | 36 |
| 32 | Broadmoor | +3.0% | 80 |
| 33 | Leonidas | +1.9% | 103 |
| 34 | Lake Shore/Lake Vista | +1.2% | 86 |
| 35 | Milan | +0.9% | 77 |
| 36 | Bayou St. John | +0.7% | 44 |
| 37 | Filmore/St. Anthony | +0.3% | 172 |
| 38 | Treme | -0.4% | 56 |
| 39 | Audubon | -1.1% | 166 |
| 40 | Hollygrove | -1.8% | 40 |
| 41 | CBD/Warehouse District | -6.3% | 156 |
| 42 | Milneburg | -6.3% | 93 |
| 43 | English Turn/Lower Coast | -6.7% | 51 |
| 44 | West End | -9.1% | 154 |
| 45 | Fontainebleu | -10.1% | 88 |
| 46 | Freret | -12.7% | 25 |
| 47 | Touro | -13.8% | 32 |
| 48 | Venetian 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?
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.
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.