Is now a good time to buy land in New Orleans, Louisiana?
New Orleans, Louisiana is currently a buyer's market with 10.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
10.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 47 | 205 | 372 | 747 |
| 1-2 acres | 1 | 2 | 2 | 6 |
| 2-5 acres | - | 3 | 3 | 6 |
| 5-10 acres | - | 1 | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 48 | 211 | 378 | 764 |
New Orleans, Louisiana is currently a buyer's market with 10.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
New Orleans, Louisiana currently has 10.6 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, New Orleans, Louisiana saw 774 properties sold. In just the last 3 months, 213 properties changed hands.
The current absorption rate in New Orleans, Louisiana is 9.5% (3-month basis), indicating moderate demand. The top-performing broker in this market is REVE, REALTORS.
Land in New Orleans, Louisiana typically sells within 154 days of listing. The median time on market is 87 days. Properties are moving slowly in the current buyer's market.
There are currently 750 active listings in New Orleans, Louisiana. 231 new listings have hit the market in the last 90 days. The median asking price is $55K.
The 3-month absorption rate in New Orleans, Louisiana is 9.5%. The 12-month rate is 8.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.