Algiers Real Estate Trends
Sitting over on the West Bank of New Orleans, Algiers is one of the last bastions of affordable housing in the city, depending on which neighborhood you’re shopping in.
Let’s take a look at some of the real estate trends for zip codes 70114 and 70131, which encompasses all of Algiers.
Median home sale prices in Algiers
There was a big bump in prices from 2016 to 2017, but they have remained steady ever since. Now, don’t expect to find a great house in Algiers Point for these prices, but there are definitely some affordable options. The number of homes sold has also remained consistent, with 769 sold in 2017 and 766 sold in 2018.
How long does it take to sell in Algiers?
Price it right and you’ll likely have your house sold in between 30 and 40 days. The market is pretty balanced, with inventory ranging from 5-7 months, not favoring either buyers or sellers particularly.
What kind of houses will you find in Algiers?
Anything from a historic Victorian in the Point to new construction in a couple of pocket neighborhoods to 1970s traditional homes. Generally offering off street parking and sizable yards, it’s the suburbs meet the city.
Check out the homes for sale today and call us if we can help. 504-327-5303