ZIP 70124 Housing Market & Real Estate Update (New Orleans, LA) — February 23, 2026
70124 – February 23, 2026 – New Orleans ZIP 70124: median sale in the mid-$500Ks, inventory down YoY, DOM ~80 days, rents near $2K; watch rates.
ZIP 70124 (New Orleans, Louisiana — Orleans Parish) is showing a slower, more negotiable pace than the peak years, but pricing is still holding up for well-located homes.
Top takeaways
- Prices: Recent medians cluster in the mid-$500Ks, depending on the source and month.
- Inventory: For-sale supply is lower than a year ago in some ZIP-level snapshots, which can keep the best listings supported.
- Timing: Homes are generally taking around 2–3 months to sell (or go pending), so condition and pricing still matter.
- Rentals: ZIP-level rent snapshots are hovering around the $2,000/month range.
Market snapshot (latest published ZIP-level data)
Realtor.com (reporting period: December 2025) shows a median home price of $575,000, about 206 active listings, and roughly 81 days on market. It also reports a 93% sale-to-list ratio and characterizes the market as buyer-leaning for that period (homes selling below asking on average). On the rental side, Realtor.com lists a $2,000/month median rent and 112 rental properties tracked.
Redfin (January 2026) puts the median sale price at $555K, with 80 median days on market and 60 homes sold in the month.
Zillow (data through January 31, 2026) shows a typical home value of $486,565, about 157 homes in for-sale inventory, and a median 59 days to pending. Zillow’s rent snapshot for the ZIP shows an average rent around $1,949.
What it means for buyers and sellers this week
Buyers: With marketing times around ~80 days and sale-to-list below 100% in the ZIP snapshots, it can be a good moment to negotiate on price, repairs, and/or closing costs—especially on listings that have been sitting.
Sellers: The quickest path to a strong result is still ‘clean + priced right’. If you want to reduce inspection friction, focus your pre-list punch list on common deal-killers like roof leaks, electrical issues, HVAC performance, and drainage/water intrusion.
What’s for sale nearby (no-address starting points)
- Broad scan: Start with the ZIP-wide ‘homes for sale’ searches to compare single-family homes vs condos/townhomes and to spot longer days-on-market opportunities.
- Neighborhood filtering: Realtor.com highlights nearby areas like Lakeview Park, West End, Fillmore, and Navarre—use those as quick filters if you are trying to stay close to the lakefront and main routes.
- Rentals: If you are weighing rent vs buy, keep an eye on the ZIP’s rental inventory counts and how quickly well-priced rentals disappear.
ServiceXTC local pro check
ServiceXTC does not currently show ZIP 70124-tagged provider profiles we can confidently feature in today’s update. If you’re a local inspector, roofer, plumber, electrician, or remodeler serving 70124, consider adding your listing so homeowners can find you.
Sources
- Realtor.com ZIP 70124 market profile (Dec 2025)
- Redfin ZIP 70124 housing market (Jan 2026)
- Zillow ZIP 70124 home values and rent snapshot (through Jan 31, 2026)
- Realtor.com homes for sale search for 70124
- Redfin homes for sale search for 70124
- Compass property facts page used only to confirm Orleans Parish
What are you seeing right now in 70124—more price cuts, more ‘back on market’ listings, or buyers coming in strong?