The Central Business District housing market is not very competitive. The median sale price of a home in Central Business District was $497K last month, up 43.0% since last year. The median sale price per square foot in Central Business District is $366, down 17.9% since last year.
What is the housing market like in Central Business District today?
In March 2024, Central Business District home prices were up 43.0% compared to last year, selling for a median price of $497K. On average, homes in Central Business District sell after 170 days on the market compared to 49 days last year. There were 17 homes sold in March this year, down from 58 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$497,000
+43.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Central Business District, LA
$497,000
+43.0%
United States
To compare other locations to the Central Business District and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Orleans add value to a home.
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How hot is the Central Business District housing market?
Central Business District is not very competitive. Homes sell in 111 days.
0
100
10
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 111 days.
Hot homes
can sell for around list price and go pending in around 58 days.
Learn about schools in the Central Business District area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Central Business District housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central Business District.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Business District has an extreme risk of flooding. 871 properties in Central Business District are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Central Business District. Flood risk is increasing slower than the national average.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Central Business District has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Central Business District is most at risk from hurricanes. 1,232 properties in Central Business District have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 218 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 236 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Central Business District has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Central Business District have an Extreme Heat Factor®.
Central Business District is expected to see a 185% increase in the number of days over 108ºF over the next 30 years. Central Business District is expected to experience 6