Strength 4 / 5
6.6 mo
New Orleans supply now 6.6 months — buyer's market
Six-plus months of supply in New Orleans — this is a buyer's market by the textbook definition.
Markets › Louisiana
Louisiana housing market
In the Pelican State, part of the Census Bureau's West South Central division, Pecan Street tracks three markets. Median sale prices run from $239K in Baton Rouge to $344K in New Orleans as of Aug 2026. One of three is higher than a year earlier and two are lower; Lafayette leads at +0.9% and Baton Rouge trails at -2.1%.
Homes sit longest in Lafayette (81 median days on market) and sell fastest in Baton Rouge (74 days). The share of active listings with a price cut runs from 28% in New Orleans to 35% in Lafayette. Price-to-rent ratios run from about 14 in Baton Rouge to 15 in Lafayette, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Lafayette metro has the 12th-most median days on market. Louisiana's unemployment rate was 4.2% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Baton Rouge | $239K | -2.1% | 74 | 32% | ≈ 14 |
| Lafayette | $250K | +0.9% | 81 | 35% | ≈ 15 |
| New Orleans | $344K | -1.8% | 80 | 28% | ≈ 15 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.