Property prices for sale in New Orleans (Louisiana)

The prices in real estate in New Orleans, in the Louisiana region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$756,302.5
Average price last 6 months
$288.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Orleans has fallen in the last 6 months. In February, the average price per sq.feet was $313. In March this price pretty much remained the same at a value of $327 per sq.feet. The price for the following two months in (April, May) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $306 to $253.5 during June, and July.

Average price

Based upon to the price in New Orleans (cities), this has gone downing the last 6 months. The average price for February is $853,332. During March the price had a slight fall till $792,045. In the following two months the average price has remained the same with regard to the previous two months from $822,688.5 to $811,120. During the last two months the average price has had a strong fall compared to the previous four going from $816,904.25 to $635,099, which means a 78 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $431,361 they are 45 % more affordable than the average price for New Orleans. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $470,904.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $193 / sq.feet, with an average $213 / sq.feet price in New Orleans. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 3 bedrooms with a price at $208 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $431,361 it is 4 % more expensive than the average price in New Orleans. "Villa" is seen as the second dearest property type. The dearest property type is "House" followed by "Office". At a price of $652,308 it is 78 % more expensive than the average price.

According to the average cost per sq.feet, the most expensive property type would be "Office" at an average cost of $257 / sq.feet followed by "House" priced at $281 / sq.feet. "Condo" is the most costly type of property with a $386 / sq.feet cost followed by "Townhouse" with an average price of $362 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in New Orleans
Number of properties used in region Louisiana
$431,361
$213
6,664
79,596
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value