|1 Bed Homes For Sale in New Orleans (8)||$ 348,475|
|2 Bed Homes For Sale in New Orleans (77)||$ 328,152|
|3 Bed Homes For Sale in New Orleans (346)||$ 368,765|
|4 Bed Homes For Sale in New Orleans (180)||$ 603,829|
|5+ Bed Homes For Sale in New Orleans (114)||$ 2,201,420|
|1 Bed Condos For Sale in New Orleans (131)||$ 315,224|
|2 Bed Condos For Sale in New Orleans (180)||$ 540,533|
|3 Bed Condos For Sale in New Orleans (47)||$ 1,111,577|
|4 Bed Condos For Sale in New Orleans (4)||$ 1,396,250|
|5+ Bed Condos For Sale in New Orleans (11)||$ 1,407,906|
|1 Bed Multifamily For Sale in New Orleans (3)||$ 407,333|
|2 Bed Multifamily For Sale in New Orleans (16)||$ 260,793|
|3 Bed Multifamily For Sale in New Orleans (13)||$ 433,615|
|4 Bed Multifamily For Sale in New Orleans (100)||$ 377,946|
|5+ Bed Multifamily For Sale in New Orleans (122)||$ 842,158|
Background on New Orleans
There is so much to say about the “Big Easy” so lets start with the basics. New Orleans is located along the Mississippi River in the Southeastern region of Louisiana. The estimated population here is just under 400,000 which makes New Orleans the most populated portion of Louisiana. New Orleans is a total of approximately 350 square miles. 170 miles of that is land and the remaining 180 miles is water. New Orleans is known globally for many things; in particular its cuisine, music and festivals. The most famous festival here is Mardi Gras. The city of New Orleans has been described by many as one of the “most unique” cities in the entire United States. Back in 2005 devastation struck this area when Hurricane Katrina flooded more than 80 percent of the city which caused a temporary decline of more than 50 percent of the total population here. Since then New Orleans has rebuilt and redeveloped, which in turn has made the population shoot back up. New Orleans as well as the people here are resilient and didn’t let the devastation from Hurricane Katrina get them down. This section of Louisiana remains one of the biggest destination cities in all of the United States. The French Quarter which is also known as “the Quarter” is the oldest section of New Orleans and was the least damaged by Hurricane Katrina. Here you will find a mixture of both French and Creole architecture and the world famous Bourbon Street.
Climate Here in New Orleans
The climate in New Orleans is humid subtropical. You can expect very short, mild winters and very hot and humid summers. During the winter you can expect to see the average temperatures somewhere in the mid 50’s and during the summer months the daily average temperature is around 83 degrees. During the winter months don’t expect to see a lot of snow. Snow has only fallen in New Orleans a few times in its history; but it does tend to get a bit rainy here. The average rainfall is just under 63 inches a year. The summer months are usually the wettest months where as October tends to be the driest.
Education in New Orleans
Here in New Orleans there are more than 50,000 students enrolled in the areas eleven colleges and universities. Tulane University is the main university here and can be found in the Uptown portion of New Orleans. Right next door to Tulane is Loyola University.
Tourism and things to do in New Orleans
It is not a surprise that tourism is one of the biggest boosts to the economy here in New Orleans. The tourism industry is a more than $5.5 billion entity that makes up 40 percent of the city tax revenues. Back in 2004 right before Hurricane Katina more than 10 million people visited the city. As previously mentioned this place is one the of the most visited cites and continues to see large numbers of tourists throughout the year. In recent years a poll was taken and New Orleans ranked as one of the best destinations for a weekend getaway as well as one of the best places to go during spring break. The poll also found that people loved the live concerts, hotels, nightlife, bars, restaurants, cafes, antique shops and music here as well. If you live here in New Orleans you can make frequent stops to Bourbon Street which is another very famous portion of the city, especially for the younger crowds. There are tons of bars and clubs along the 13 blocks that make up Bourbon Street. Here you will find Spirits on Bourbon, Pat O’Brian’s, Johnny White’s and Channing Tatum’s Saints and Sinners. These bars are always the place to be.
Real Estate in New Orleans
The homes found here tend to be older but there are newer homes popping up in certain areas. The main style of house found here is the Victorian, Cottage, Traditional and even some Contemporary. Most homes here are single family. The homes in New Orleans tend to have more charm than homes found in other parts of the country. Even when people renovate their homes here in New Orleans they try to keep as much of the original charm intact as possible. The real estate market here is amazing and the prices vary greatly from neighborhood to neighborhood.
New Orleans is an historic city full of charm, culture and plenty to do. There is always a bar to go to on Bourbon Street if you’re looking to get out and have a drink with friends. This city is also well known for its education and Victorian style homes. New Orleans is a must see!
ByOwner.com offers For Sale By Owner listing services throughout the country. By posting home with ByOwner your property will get the same exposure you’d receive from a traditional real estate company. Our New Orleans, Louisiana Flat Fee MLS listing Service saves you from paying the traditional 6% commission charged by most real estate offices, but gives you the same worldwide exposure.
Your home will be found on the local MLS, plus all the major search engines and popular real estate portal sites, including: Trulia, Zillow, Realtor.com, MSN, AOL, Bing, Yahoo, and of course Google. Additionally when your home gets added to the MLS, your FSBO listing will listed alongside of the homes listed by ReMax, C-21, Coldwell Banker, ERA, Redfin, Movoto, Keller Williams and all the other nationwide brokerage sites. These sites often display “all” of the MLS postings, not just their own, which means your home will be on these sites also.
The average seller who uses our Flat Rate MLS Listing, will save over $15,000. We give you the tools and exposure you need as a ForSaleByOwner to compete with every other listing in the MLS. But you are in control of the savings and the fees you pay.
Currently New Orleans has 1,691 properties on the market for sale. The inventory was last updated 01/27/2021. Of these properties, 727 single family homes are for sale by their owners in New Orleans, and 388 condos are for sale by their owners in New Orleans. The average price of the single family homes for sale in New Orleans, is $770,128, the average condo price in New Orleans, is $862,213. The average price per square foot of the active inventory is $217. This is based the living area square footage.
Over the last year, there have been 43,889 of properties sold in New Orleans. Of these properties, 26,387 single family homes have sold by their owners in New Orleans, and 5,403 condos have sold by their owners in New Orleans. The average sales price of the single family homes sold in New Orleans, is $391,861. Single family homes have been selling for 166 per square foot of living area. The average sales price of the condos for sale in New Orleans, is $564,630. Condos have been selling for 303 per square foot of living area.
The most active subdivisions with listings for sale in New Orleans, are: Lakeview (40 For Sale), English Turn (26 For Sale), Lake Vista (13 For Sale), Not A Subdivision (9 For Sale), Riverside (9 For Sale), Gentilly Terrace (9 For Sale), Elmwood (6 For Sale), Venetian Isles (5 For Sale), Edgewood Park (5 For Sale), Algiers Riverpoint (4 For Sale)
If you are thinking of selling your New Orleans home, try our flat fee listing service, Our list fees start at $449, and may save you $15,000 in real estate commissions. Click here to start saving.
Disclaimer: Listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all information IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.
This data up-to-date as of 01/27/2021