Is Orleans Parish, LA a buyer's market or a seller's market?
Orleans Parish, LA is a buyer's market right now. There are 2,168 homes for sale, and at the current pace of sales it would take about 5.8 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Orleans Parish, LA sits at 5.8.
There are more homes for sale than buyers. Buyers have the edge. The typical home took 54 days to go under contract, and 14% of sales closed above the asking price.
The number of homes for sale is 17% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Orleans Parish, LA area, through May 2026.
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More about the Orleans Parish, LA market
- When is the best month to sell a house in Orleans Parish, LA?
- How long does it take to sell a house in Orleans Parish, LA?
- Do homes sell above asking price in Orleans Parish, LA?
- Are home prices going up or down in Orleans Parish, LA?
- Are sellers cutting prices in Orleans Parish, LA?
- Is the housing market slowing down in Orleans Parish, LA?
- What is the average home price in Orleans Parish, LA?
- How many homes are for sale in Orleans Parish, LA?
- All Orleans Parish, LA housing numbers
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Figures come from Redfin's published market data for the Orleans Parish, LA area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.