Is now a good time to buy land in New Orleans, Louisiana?
New Orleans, Louisiana is currently a strong buyer's market with 23.7 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Oct 2026
23.7 months of supply
High inventory favors buyers with more choices and negotiating power.
Louisiana does not make land sale prices public, so sold prices are not shown here. Sales counts, days on market and months of supply are still real.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 30 | 94 | 199 | 583 |
| 1-2 acres | - | - | 2 | 9 |
| 2-5 acres | - | 3 | 5 | 9 |
| 5-10 acres | - | - | - | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 30 | 97 | 206 | 605 |
New Orleans, Louisiana is currently a strong buyer's market with 23.7 months of supply. Buyers have more negotiating power and can take time to find the right property.
New Orleans, Louisiana currently has 23.7 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, New Orleans, Louisiana saw 610 properties sold. In just the last 3 months, 99 properties changed hands.
The current absorption rate in New Orleans, Louisiana is 4.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Keller Williams Realty New Orleans.
Land in New Orleans, Louisiana typically sells within 119 days of listing. The median time on market is 72 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 783 active listings in New Orleans, Louisiana. 316 new listings have hit the market in the last 90 days. The median asking price is $45K.
The 3-month absorption rate in New Orleans, Louisiana is 4.2%. The 12-month rate is 6.5%. 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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