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Homes for Sale Under 500K in New Orleans, LA

3,264 Homes for Sale

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Showing 1 - 42 of 3,264 homes for sale in New Orleans, LA

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New Orleans, LA Housing Market Overview

New Orleans is a buyer's market right now. Homes are sitting on the market for 91 days on average. With 6.9 months of supply, there's less pressure to rush and more room to negotiate on price and terms.

Status

Buyer's Market

Days on Market

91

Inventory

2,156

Sep 2021Jun 2024Sep 2026

Median Home Price

$329,000Up 4.44%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
2,156 Up 3.36%
Newly Listed Homes
1,631 Down 61.29%
Months of Supply
6.9 Up 32.69%

Housing Demand

Homes Sold
941 Down 22.10%
Sale-to-List Ratio
95.8% Up 0.38%
Homes Sold Above List
11.9% Up 1.45%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full New Orleans Market Report
No. of Homes
Houses for Sale in Gentilly, New Orleans
154
Houses for Sale in Central City, New Orleans
131
Houses for Sale in Seventh Ward, New Orleans
99
Houses for Sale in French Quarter, New Orleans
96
Houses for Sale in Little Woods, New Orleans
96
Houses for Sale in Lower Ninth Ward, New Orleans
72
Houses for Sale in New Aurora English Turn, New Orleans
64
Houses for Sale in Central Business District, New Orleans
57
Houses for Sale in St. Claude, New Orleans
56
Houses for Sale in St. Roch, New Orleans
56
Houses for Sale in Mid City, New Orleans
54
Houses for Sale in Lower Garden District, New Orleans
53
Houses for Sale in Old Aurora, New Orleans
41
Houses for Sale in Treme Lafitte, New Orleans
40
Houses for Sale in Behrman, New Orleans
39
Houses for Sale in Gentilly Terrace, New Orleans
38
Houses for Sale in Whitney, New Orleans
35
Houses for Sale in West End, New Orleans
35
Houses for Sale in Lake Catherine, New Orleans
32
Houses for Sale in Tall Timbers Brechtel, New Orleans
32
Garden District, New Orleans Neighborhood Guide
St. Claude, New Orleans Neighborhood Guide
Leonidas, New Orleans Neighborhood Guide
French Quarter, New Orleans Neighborhood Guide
Algiers Point, New Orleans Neighborhood Guide
Treme - Lafitte, New Orleans Neighborhood Guide
Seventh Ward, New Orleans Neighborhood Guide
New Aurora - English Turn, New Orleans Neighborhood Guide
Whitney, New Orleans Neighborhood Guide
Uptown, New Orleans Neighborhood Guide
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  • mls-imgIDX Logo
    Based on information from the ROAM MLS through Oct 29, 2026, 2:15 PM. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 ROAM MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from the ROAM MLS through Oct 29, 2026, 2:15 PM. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 ROAM MLS. All Rights Reserved.
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Homes Available icon

3,264

Homes Available

Median List Price icon

$ 329,000

Median List Price

Avg on Market icon

91 Days

Avg on Market