Metro New Orleans Home Prices Are Rising

The latest data from the National Association of Realtors (NAR) reports that home prices in the metro New Orleans area were up at the beginning of 2019.

The National Association of Realtor sends out a quarterly report that gives data on median home prices, tracking the sales in metro areas across the country. In New Orleans, this high-level overview of prices are based on the median price for an existing single-family home in Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John the Baptist, St. Tammany and St. James parishes.

What did the data find? The highest prices were found in downtown New Orleans where on average homes sold for $751,932 and Orleans Parish where the average single-family home was $353,425. The average single-family home price by parish were as follows, Plaquemines Parish $304,600, St. Tammany Parish $243,761, St. Charles Parish $211,918,  Jefferson Parish $208,602, St. James Parish $155,431, St. Bernard Parish $145,177, St. John the Baptist Parish $143,709  and Washington Parish $102,299.

The suburbs’ inventory is much more affordable than in the city of New Orleans. The Parks of Plaquemines, a master planned community, is a perfect alternative to high prices in the city. It is located in Belle Chasse, Louisiana just 10 miles from New Orleans and a 15 minute drive to the Central Business District. Parks of Plaquemines offers amazing amenities, lower taxes and an excellent school system. The community offers low-maintenance 1/4-acre lots as well as lots over 1/2-acre. There are also many existing new homes to choose from priced from $488,900. Contact Kelly Waltemath, the community’s New Home Specialist at 504-236-8587 or E-mail Info@TheParksLifestyle.com.

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Kelly Waltemath
The Kelly Waltemath Team
Cell: (504) 236-8587
Scott Waltemath
Phone: 504-231-7998
Keller Williams Realty Services
1522 W. Causeway Approach
Mandeville, LA 70471
Office: (985) 727-7000
Each Brokerage Is Independently Owned & Operated.
Classic Properties Management Corp.
3520 Holiday Drive, Ste A
New Orleans, LA 70114
Office: 504-364-2350
Licensed in Louisiana