Property prices for sale in New Orleans (Louisiana)

The prices in real estate in New Orleans, in the Louisiana region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

$506,428.67
Average price last 6 months
$257.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Orleans has remained the same in the last 6 months. In November, the average price per sq.feet was $257. In the following month the price per sq.feet decreased to $234. In the following two months the price per sq.feet has increased 110 %, going from $245.5 to $269.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $257.5 to $256.5 during March y April

Average price

Based upon to the price in New Orleans (cities), this has fallen considerably in the last 6 months. The average price for November is $685,681. During December the price had a considerable reduction till $450,204. During the following two months (January, February) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $525,661.25 to $467,963.5 in March and April.

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 $454,106 they are 25 % more affordable than the average price for New Orleans. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 2 bedrooms priced at $430,317.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $247 / sq.feet price in New Orleans. The properties with the highest average prices have 1 bedroom. They are 79 % more expensive than the average followed by properties with 2 bedrooms with a price at $337 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $454,106 it is 62 % cheaper than the average price in New Orleans. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of $641,940 it is 432 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $240 / sq.feet followed by "Villa" priced at $241 / sq.feet. "Land" is the most costly type of property with a $35,751 / sq.feet cost followed by "Commercial" with an average price of $397 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in New Orleans
Number of properties used in region Louisiana
$454,106
$247
11,564
73,608
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value