During Dec 2022, the average price for an apartment in/near French Quarter, New Orleans, LA increased by 28.2% to $896,900.
Knowing the current property prices is key if you plan to buy a studio in French Quarter, New Orleans, LA. The average price for a studio has increased since the last month, currently being $686,545. After collecting all data points, we now see that the average price for 1-bed apartment increased by 37.5% to $434,250. Asking price for 2-bed apartment also increased by 3% and a place of this size will now cost you $831,560. A 3-bed apartment goes for $586,667, it decreased by 43.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 46.2% and made it up to $1,314,385.
Price reports demonstrate that house price increased by 10.9% this month making it up to $965,471. Condos are really in demand in this season. The median price for a condo increased by 62.4%, it’s now available for $950,980. Other types of properties for sale would cost $726,250 on average. Our data shows that this amount has stayed roughly the same compared to Dec.